Weekly Dry Time Charter Estimates, May 27 2020
Some respite in the downward trend of the capesize market due to increased activity from Brazil and the Pacific. Time charter rates for one year have firmed, however very little period activity has come to light.
This week the kamsarmax/panamax sector has seen an increase of period activity in the East with a number of short to medium term fixtures reported ranging from four to sixteen months.
Rates for the smaller sizes moved sideways this week with very little period activity reported.