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Weekly Dry Time Charter Estimates, March 24 2021

The capesize spot market has softened slightly mid-week but period rates remain firm with a number of fixtures reported around the one-year mark with continued demand from Brazil and West Australia to China.

Renewed strength in the kamsarmax/panamax period sector this week with more activity in the Atlantic expected in the second half of this week, the average rate for one-year is currently estimated as $20,750/pdpr.

Another firm week for the smaller vessels with timecharter activity interest on one-year periods.

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