Weekly Dry Time Charter Estimates, June 17 2020
The capesize market has surged ahead this week both in the spot and period markets spurred by increased demand from China and the gradual reopening of other economies. Capesize rates for six months have increased to an estimated $18,500/pdpr.
Boosted the capes, the panamax/kamsarmax market has also moved up, with renewed interest in the period market. A number of fixtures have been reported around the one-year mark this week.
Sentiment is improving for the smaller sizes although very little has been reported by way of period fixtures.