The capesize period market experienced a correction this week as the market came under pressure, with concerns over the situation in Guinea that could impact vessel demand in the region.
Kamsarmax/panamax period rates have dipped slightly this week due to lack of fresh demand, the average rate for one-year is currently estimated as $27,750/pdpr.
A stable week for the smaller sizes with rates correcting lower for some periods as the situation with port congestion in China eases somewhat.
