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Weekly Dry Time Charter Estimates, November 11 2020

Capesize rates continued to come under pressure particularly from the West Australia- China routes with Chinese end users having been given verbal notices to stop importing Australian coal, very little period activity has been reported this week.

Panamax/kamsarmax market and rates have moved lower but there has been a flurry of period activity, particularly for kamsarmaxes with fixtures reported between 6-14 months.

A little more activity for the smaller sizes than last week but rates have remained flat overall.

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