The capesize period market remained strong this week across both basins. Rate levels continued to rise for all periods with plenty of TC interest reported.

The capesize market has surged ahead this week both in the spot and period markets spurred by increased demand from China and the gradual reopening of other economies.

The capesize period market has experienced upwards momentum this week and this has supported owner’s sentiment for firm rates in the short term.

The capesize market came under pressure this week and rates remained flat, there has been some interest in the medium-term period market of around 14-16 months.

Some respite in the downward trend of the capesize market due to increased activity from Brazil and the Pacific. Time charter rates for one year have firmed, however very little period activity has come to light.

Capesize period rates continued to come under pressure and rates moved lower. A few short to medium term fixtures have been reported and the average rate for a capesize for one year dropped to $11,250/pdpr.

Another negative week for the capesize period market, few fresh fixtures have emerged as, unusually for this time of year, the market continues to move lower with little hope of improvement in the near future.

Capesize rates continued to fall and the Atlantic basin has come under considerable pressure, although there has been some interest in West Australia- China routes. A few period fixtures have been reported with varying durations.

The capesize period market came under pressure this week and rates moved lower across all periods as sentiment for dry bulk diminished.

The capesize period rates have continued to improve this week but Vale’s announcement of lower projected output for 2020 due to the global pandemic, weather and regulatory delays, has dampened sentiment somewhat.

The capesize market has come back stronger following the Easter break as demand improved on the main routes. Period activity has remained low but rate ideas have increased and the average for one year is currently estimated as $12,875/pdpr.

Market activity has improved this week with interest from West Australia to China and Brazil to China routes but still very little reported in the way of period fixtures and rates moved sideways.

The Baltic Capesize Index (BCI) has finally moved back in to positive numbers however the period market has seen very little activity and rates moved lower for all periods.

Although still in negative territory, the Capesize market moved up this week with activity from on the West Australia to China route. However, period fixtures remained at very low levels.

Capesize period activity levels have been very low this week and rates moved sideways as the impact of the covid-19 virus continues to weigh heavily on markets and global demand.