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Weekly Dry Time Charter Estimates, May 08 2019

The news that a court has ordered Vale to halt operations at its Brucutu iron ore mine, reversing a previous court decision that had allowed the mine activities to resume has caused some volatility for capes and despite last week’s improvements, activity is muted once again.

The kamsarmax & panamax markets have remained steady so far this week. Period activity in the pacific has remained at healthy levels.

Some period fixtures have been reported in the Ultramax/Supramax range but fixtures for handysizes have been limited this week.

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