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.