Weekly Dry Time Charter Estimates, May 19 2021
Following the downward trend in the spot market, capesize timecharter rates have also taken a dip, although rate levels remain firm and sentiment for this sector is strong.
The kamsarmax/panamax period market has remained firm thanks to tight tonnage supply in both basins and strong demand. Plenty of fixture activity has been reported ranging from six months to one-year.
Another strong week for the smaller sizes with plenty of short-term period activity reported, the average rate for a supramax for one-year is currently estimated as $18,000/pdpr.