Weekly Dry Time Charter Estimates, May 12 2021
The dry market continued to surge ahead this week, led by the capes. As Iron Ore prices rise, the miners are eager to transport as much of the commodity as possible.
Another strong week for the kamsarmax/panamax sector with tonnage tight in both basins thanks to the upturn in demand.
The smaller sizes have seen plenty of timecharter activity this week, particularly in the pacific as the market returned from holidays.