Weekly Dry Time Charter Estimates, February 26 2020
Global issues continued to put pressure on the capesize market as fears of the impact of the coronavirus continued to weigh heavily on the larger sizes this week and TC rates remained flat.
A more positive week with increased period demand for the kamsarmaxes and panamaxes particularly in the Atlantic. The average rate for this sector is estimates as $10,500/pdpr.
Period rates for the smaller sizes firmed this week and the average rate for a supramax for one-year is estimated as $9,125/pdpr.