Weekly Dry Time Charter Estimates, March 25 2020
Although still in negative territory, the Capesize market moved up this week with activity from on the West Australia to China route. However, period fixtures remained at very low levels.
The kamsarmax/panamax market continued to move downwards this week as news of mine shutdowns in South Africa and port closures in India put further pressure on the market. The average rate for one-year is currently estimated as $10,375/pdpr.
The supramax market lost ground this week but the handysize sector has continued to show some small improvements in the spot market. Period rates have remained flat for both sizes and fixture levels low.