Weekly Dry Time Charter Estimates, March 31 2021

Capesize period rates moved sideways this week in the run up to Easter but there was still some interest on the Brazil/China route. Fixtures reported this week focussed around the one-year mark.

There has been plenty of short-term timecharter activity in the kamsarmax/panamax period market around the 6-month mark, but fixtures of 12-36 months have also been reported. The average rate for this sector is estimated to be around $21,500/pdpr.

The market for the smaller sizes has been slower this week with limited fresh activity in contrast to recent weeks.