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Weekly Dry Time Charter Estimates, July 17 2019

Capesize period rates have gone from strength to strength this week as positive sentiment stems from the upward movement of the BDI that has reached the highest point since 2013.

A busy week for the panamax and kamsarmax sector with more short-term fixtures coming to light and reports that capesize cargoes are being split on to smaller vessels to meet demand.

An active week for the smaller sizes and rates have remained stable, the average tc rate for a supramax for one year is currently estimated at $11,000/pdpr.

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