A stable week for the capesize period marker with some short-term activity reported in the pacific.
Kamsarmax/panamax rates dipped slightly this week with demand low in the Atlantic. Some echoing of this in the pacific although the south, whilst experiencing some pressure, continues to see activity on the Indonesia to China route.
Sentiment remains strong for the smaller sizes in both basins, particularly in the Black Sea. Ultramax rates for four to six months continue to surpass record highs with and are up this week by $3,500 to an estimated $40,000/pdpr.
