Weekly Dry Time Charter Estimates, December 08 2021

The capesize market continued to rise this week as sentiment improved for the spot and TC markets along with gains in the FFA sector. Iron ore is driving the market with plenty of demand for the west Australia to Qingdao route.

The panamax/kamsarmax sector began to pick up this week after a period of losses over the last month. Rates for six months moved up to an estimated 27,625/pdpr across both basins.

Little to report in terms of TC activity for the smaller sizes this week but sentiment remained positive nonetheless.