Weekly Dry Time Charter Estimates, September 16 2020
Very little period activity reported for the capes as the market remains under pressure. Rates for one and two years continued to suffer due to low demand in both basins. Capesize short period deals remain at an average of $16,625/pdpr.
The panamax/kamsarmax sector has reported minimal period fixtures this week with one-year rates moving slightly lower to an average of $11,812.50/pdpr across both basins.
Little movement for the smaller sizes this week with short term supramax rates for 6 months holding at around $10,625.