Weekly Dry Time Charter Estimates, May 05 2021
Various holidays across the globe have failed to put a damper on the dry market as capesize rates continued to soar this week with period estimates for 6months reaching $35,000/pdpr.
A strong week for the kamsarmax/panamax sector with healthy demand from Australia and Indonesia. Plenty of period fixtures have been reported for this sector, focussing on the one-year mark.
Timecharter interest for the smaller sizes has largely been reported for around six months and as such this has provided a boost to short term rates of six months to one-year. Handysize rates for one-year are currently estimated to be at $15,375/pdpr.