Short term capesize rates remained strong this week due to a firming market in the pacific with plenty of activity for majors coming out of West Australia, however longer-term rates weakened slightly.
Another positive week for the kamsarmax/panamax sector with a particularly strong market in the Atlantic with support from the EC South American to the far east route and strong kamsarmax demand in the pacific.
The positive sentiment continued for the smaller sizes continued across both basins, supramax rates for four to six months were up again this week to an average of $31,125/pdpr.
