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Weekly Dry Time Charter Estimates, June 3 2020

The capesize market came under pressure this week and rates remained flat, there has been some interest in the medium-term period market of around 14-16 months.

The kamsarmax/panamax timecharter market has firmed this week with small gains across all periods and increased activity with fixtures reported ranging from short to medium term. The average rate for one year is currently estimated as $9,500/pdpr.

Limited fresh activity has been reported for the smaller sizes this week and rates have moved sideways.

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