Weekly Dry Time Charter Estimates, December 09 2020
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.
Period interest improved for the kamsarmax/panamax sector this week and a number of kamsarmax fixtures have been reported this week, ranging from three months to one-year. The average rate for one-year is estimated to be $11,750/pdpr.
Little movement for the smaller sizes this week with supramax holding at an average of around $9,750/pdpr for one-year.