Capesize period rates ticked up slightly this week with some period activity reported around the one-year mark. The average rate for one-year is currently estimated as $28,000/pdpr.

Panamax/kamsarmax timecharter rates softened slightly this week due to limited activity in the Atlantic and a flat market in the pacific with impending national holidays, however there is optimism looking forward towards mid-June.

Plenty of period interest for the smaller sizes thanks to continued strong commodity demand, particularly for coal and grain cargoes.



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