Weekly Dry Time Charter Estimates, January 12 2022

A lacklustre week for capes as bad weather and seasonality put pressure on rates. Vale has halted operations in its Minas Gerais mines due to heavy rains and this has put a damper on capsize chartering activity.

The kamsarmax/panamax rates fell again this week as the Indonesian coal ban continued to dent sentiment.

A quiet week for the small sizes with limited activity reported.