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Weekly Dry Time Charter Estimates, January 06 2021

The dry bulk market has started off the year in a positive direction, spot rates have moved up and the period market is stable, thanks to fresh enquiry from Brazil. The average rate for a capesize for one year is estimated as $14,000/pdpr.

The optimism has filtered through to the kamsarmax/panamax sector with interest in short to medium term period fixtures.

Rates for the smaller sizes have remained unchanged although, some short-term interest has been reported.

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