Weekly Dry Time Charter Estimates, October 21 2020
Capesize period rates moved lower this week as both the Brazil-China, Australia-China routes came under pressure. Very little has been reported in the way of time charter fixtures.
The Kamsarmax/panamax rates also softened with the Pacific basin sentiment shaped by trade the trade discord between Australia and China that has seen China stop buying Australian coal.
A more stable market for the smaller sizes with interest in short-term period fixtures.