Weekly Dry Time Charter Estimates, September 09 2020
Capesize timecharter rates continued to come under pressure this week and rates moved slightly lower across all periods. In terms of fixtures, the newcastlemax Newport News has been fixtured to Koch for around one-year at $18,400/day.
In the kamsarmax/panamax range rates moved lower, some short to medium term period activity has been recorded. The average rate for a kamsarmax/panamax for one-year is currently estimated as $12,000/pdpr.
An uneventful week for the smaller sizes and whilst rates remained stable there has been very little period interest.