The capesize timecharter market continued to firm this week with a number of fixtures reported around the one-year mark

The capesize market experienced upwards momentum this week thanks to an active iron ore market in both basins. This has supported timecharter rates which have moved up across all periods. The kamsarmax/panamax period market firmed off the back of gains in the capesize market, the average rate for one year is currently estimated as $12,750/pdpr. A more positive week for the smaller sizes with some short-term supramax and handymax fixtures reported.  

The dry bulk market has started off the year in a positive direction, spot rates have moved up and the period market is stable,

Capesize period rates moved up slightly, boosted by an uptick in the Baltic indices and positive sentiment coming from Brazil.

Although the capesize spot market has come under pressure this week due to Vale downgrading its production targets for the year, there has been some interest in the period market for fixtures of around 12-15 months.

Capesize period rates firmed slightly this week and with period interest focusing on the short to medium term.

The capesize market has reported minimal period interest this week due to lack of demand from Europe and ongoing trade disputes between China and Australia that have put further pressure on this sector.

Another disappointing week for the capesize timecharter market and few fresh fixtures have emerged as there seems to be little hope of improvement in the near future.

Capesize rates continued to come under pressure particularly from the West Australia- China routes with Chinese end users having been given verbal notices to stop importing Australian coal, very little period activity has been reported this week.

Capesize period rates moved lower again this week with very little period interest reported as market players wait to see which direction the market will take before deciding what their next move will be.

The Cape market has reported minimal period fixtures this week with one-year rates falling to around $14,375/pdpr across both basins.

Capesize period rates moved lower this week as both the Brazil-China, Australia-China routes came under pressure.

Capesize timecharter rates remained flat this week as the market came under pressure from a fall in rates in the spot market.

An active start to the week ahead of the impending holidays in the Far East.

A slight improvement in the capesize market sentiment this week thanks to an increase in iron ore demand from Australia to China.