Weekly Dry Time Charter Estimates, November 27 2019
The Capesize spot market has risen this week following a negative run. However, this uptick has yet to translate to the period market which has seen very little activity.
Some interest in short term kamsarmax fixtures although in generally rates lack direction despite sentiment that demand is improving.
There has been talk that the market for the smaller sizes might have found a bottom, the average rate for a handysize for one year is estimated as $8,125/pdpr.