Weekly Dry Time Charter Estimates, March 17 2021

Another positive week for the capesize period market with plenty of activity from Brazil and West Australia to China, with a focus on one-year timecharter fixtures.

Positive sentiment for the kamsarmax/panamax is rising again this week off the back of fresh demand and increased period enquiry. The average rate for one-year has moved up to an estimated $16,500/pdpr across both basins.

Supramax rates continued to strengthen as the pacific remained strong, however the Atlantic market softened as soybean exports slowed down due to seasonality.