Weekly Dry Time Charter Estimates, February 10 2021
Capesize period market rates moved downwards this week as is often the case in the run up to the Chinese New Year however port delays in China and adverse weather in other regions has also put pressure on this sector.
A strong week for the Kamsarmax/Panamax timecharter market with plenty of fixtures reported around the six months to one-year mark. The average rate for one-year is currently estimated as $12,875/pdpr.
Another positive week for the smaller sizes, particularly in the Atlantic, with support coming from East Coast South America.