Weekly Dry Time Charter Estimates, November 20 2019
Whilst the spot market continued to fall this week, period rates for capes have remained stable although activity levels have been low.
Rates have yet to show signs of recovery in the kamsarmax/panamax sector. In terms of period deals, we have recorded a few short-term kamsarmax fixtures and we estimate that the average rate for one-year is currently $11,625/pdpr.
Some short TC fixtures have been reported for the smaller sizes although rates moved sideways.