Expectations for a slowdown in the market appear to have been realised in the Pacific with a return to early-November levels anticipated by mid-December.
Short period Panamax rates have dipped slightly to $8,000/pdpr, whereas Supras remain at $6,750/pdpr.
Panamax Atlantic rates continue to be strong given continued Chinese demand for grains with $13,000/pdpr achieved for short period.
For the same period Handies are up in Atlantic to $9,000/pdpr.