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Weekly Dry Time Charter Estimates, October 14 2020

Capesize timecharter rates remained flat this week as the market came under pressure from a fall in rates in the spot market.

Short term period rates for the Panamax/Kamsarmax sector increased across both basins and the average rate for this sector for one-year is currently estimated as $12,212.5/pdpr.

Rates for the smaller sizes have remained unchanged from last week with muted sentiment in the Far East with limited activity following the national holidays last week.

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