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Weekly Dry Time Charter Estimates, January 29 2020

The capesize market continued to fall this week with very little in the way of period activity, the average rate for a capesize for one year is currently down 14% from the start of the year to $12,500/pdpr.

Aside from one short term period fixture, it has been another disappointing week for panamaxes with very little hope of improvement in the coming weeks.

As expected, another quiet week so far for the smaller sizes and not much reported in the way of timecharter activity.

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