Weekly Dry Time Charter Estimates, March 10 2021
This week the capes finally played catch-up with the rest of the market with rates up sharply across both basins for six months and one-year.
Plenty of kamsarmax/panamax timecharter activity reported this week in the pacific, although weaker sentiment in the Atlantic lead to a softening of rates.
The Supramax period sector continued to power ahead and rates surged. There has been plenty of demand in the pacific with an active short-term timecharter market. The average rate for a supramax for six months is currently estimated as $19,875/pdpr.