This week short period Atlantic rates skyrocketed for Panamaxes/Kamsarmaxes and smaller Handies due to limited prompt tonnage in the area.
On the other hand, the Cape market in the East remains stable while the Atlantic market lacks enquires.
Capesize fixed for 6 and 12 months period can achieve $11,000 and $10,250 respectively.
Period rates for Handysize vessels reached $10,500/pdpr for 6 months while for 1 year charters it’s $6,750/pdpr.