Weekly Dry Time Charter Estimates, September 30 2020
An active start to the week ahead of the impending holidays in the Far East.
Rates improved for the capesize sector off the back of improved sentiment, the average rate for a capesize for one-year is currently estimated as $16,875/pdpr.
In the kamsarmax/panamax sector, the atlantic market improved thanks to consistent mineral demand and improved activity out of east coast South America. In the pacific, grains demand overshadowed the minerals market.
Rates for the smaller sizes remained steady this week with firm demand from ECSA.