Weekly Dry Time Charter Estimates, April 14 2021
The capesize period market has now caught up with the smaller sizes after some weeks of underperformance. Rates for six months jumped up by $2,000/day to an average of $26,250/pdpr off the back a positive market in the Atlantic.
The kamsarmax/panamax market has come under pressure as grain cargoes in the ECSA dropped, timecharter rate levels have come off slightly this week but remain firm.
A mixed market for the smaller sizes as the Pacific market gained momentum but conversely the Atlantic moved lower.