Weekly Dry Time Charter Estimates, December 02 2020

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

After a slow start to the week a small amount of period inquiry in the pacific has pushed kamsarmax/panamax rates up in this basin. The average rate for this sector for one year is currently estimated as $11,684.5/pdpr.

The smaller sizes have lacked direction so far this week and rates have remained flat, as limited fresh enquiry from Asia put pressure on period rates.