Weekly Dry Time Charter Estimates, January 27 2021

In contrast to the spot market, period rates continued to move up.In the capesize market some timecharter activity was reported for one- and two-year periods.

The kamsarmax/panamax market remained strong activity in both basins across all periods. The average rate for a kamsarmax/panamax for one-year is estimated to be $15,000/pdpr.

The smaller sizes received a boost from demand for Indonesian coal ti China and period rates strengthened across the board.