Weekly Dry Time Charter Estimates, January 13 2021
The capesize market experienced upwards momentum this week thanks to an active iron ore market in both basins. This has supported timecharter rates which have moved up across all periods.
The kamsarmax/panamax period market firmed off the back of gains in the capesize market, the average rate for one year is currently estimated as $12,750/pdpr.
A more positive week for the smaller sizes with some short-term supramax and handymax fixtures reported.