A firm week for the capesize period sector as rates pushed up thanks healthy cargo volumes in both basins leading to stronger spot and period rates. The average rate for one year is currently estimated as $31,000/pdpr.
After a slight dip last week, the kamsarmax/panamax timecharter sector has gained strength with plenty of period activity reported around the six months to one-year period.
Positive sentiment in both basins has boosted the smaller sizes this week with steady demand on the coal trade from Indonesia to China.
