Weekly Time Charter Estimates

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Weekly Time Charter Estimates by Hellenic Shipping News Worldwide

How time charters offer a window on shipping sentiment?

In a spot ocean transport deal, a shipper pays the vessel interest in dollars per ton of cargo moved and the ship owner covers fuel and other costs. In a time charter, the shipper (the charterer) pays the ship owner a rate in dollars per day and the charterer, not the ship owner, covers the fuel and voyage costs.

If global bulk commodity shippers expect spot prices to rise substantially in the future, they lock in their transport costs by signing time charters.

When time-charter rates rise and the duration of contracts increases, it tells you that cargo shippers are worried that spot rates will increase sustainably.

Weekly Dry Time Charter Estimates | Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping

  • Weekly Dry Time Charter Estimates, May 05 2021
    by hellenicshippingnews.. on 05/05/2021 at 5:00 pm

    Various holidays across the globe have failed to put a damper on the dry market as capesize rates continued to soar this week with period estimates for 6months reaching $35,000/pdpr. A strong week for the kamsarmax/panamax sector with healthy demand from Australia and Indonesia. Plenty of period fixtures have been reported for this sector, focussing … The post Weekly Dry Time Charter Estimates, May 05 2021 first appeared on Hellenic Shipping News Worldwide.

  • Weekly Dry Time Charter Estimates, April 28 2021
    by hellenicshippingnews.. on 28/04/2021 at 5:00 pm

    A positive week for the capesize sector with strong markets in both basins. Plenty of period activity reported around the one-year mark as rates exceed 18-month highs. The kamsarmax/panamax market continued to improve thanks to activity out of East Coast South America and ongoing demand from Indonesia. Rates for the smaller sizes remained firm this … The post Weekly Dry Time Charter Estimates, April 28 2021 first appeared on Hellenic Shipping News Worldwide.

  • Weekly Dry Time Charter Estimates, April 21 2021
    by hellenicshippingnews.. on 21/04/2021 at 5:00 pm

    Another strong week for the capesize period market, driven by iron ore enquiry out of Brazil. Fixtures reported this week range from short-term of around five to seven months to longer periods of almost two years. The kamsarmax/panamax periood market has remained firm, supported by sentiment in the capesize sector. Plenty of timecharter activity recorded … The post Weekly Dry Time Charter Estimates, April 21 2021 first appeared on Hellenic Shipping News Worldwide.

Weekly Tanker Time Charter Estimates | Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping

  • Weekly Tanker Time Charter Estimates, May 05 2021
    by hellenicshippingnews.. on 05/05/2021 at 5:00 pm

    Some short to medium term VLCC period activity reported this week although crude rates moved sideways overall and the average rate for a VLCC for one-year is currently estimated as $25,000/pdpr. Another quiet week for the clean market where only the MR sector saw any activity with fixtures ranging from short-term of just a few … The post Weekly Tanker Time Charter Estimates, May 05 2021 first appeared on Hellenic Shipping News Worldwide.

  • Weekly Tanker Time Charter Estimates, April 28 2021
    by hellenicshippingnews.. on 28/04/2021 at 5:00 pm

    A sluggish week for crude and very quiet week in terms of period fixture. Rates overall remained flat with some small discounts, the average rate for a VLCC for three years dropped $1,500 to an average of $36,000/pdpr. Very little timecharter activity reported in the clean sector as owners eagerly await some form of improvement. … The post Weekly Tanker Time Charter Estimates, April 28 2021 first appeared on Hellenic Shipping News Worldwide.

  • Weekly Tanker Time Charter Estimates, April 21 2021
    by hellenicshippingnews.. on 21/04/2021 at 5:00 pm

    Some improvement in the VLCC rates this week thanks to activity in the middle east and fresh demand in the US Gulf. Rates for one-year moved up to $25,000/pdpr. The clean market has been quiet with little to report this week aside from some LR2 fixtures, period rates moved slightly higher in this sector with … The post Weekly Tanker Time Charter Estimates, April 21 2021 first appeared on Hellenic Shipping News Worldwide.

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