BDI 3295 (-4) Time Charter Average (USD) CAPESIZE 42632 (+390) PANAMAX 29549 (-536) SUPRAMAX 26425 (-80) HANDYSIZE 17538 (+73) ...there continues to be strong support for handysize rates; hopefully new contract announcements will be made soon.
1/20/2009BDI 3158 (-50) Time Charter Average (USD) CAPESIZE 38788 (-1353) PANAMAX 28833 (-262) SUPRAMAX 26016 (-233) HANDYSIZE 17674 (+63) Continued strength in the handy class. GNK landed a nice time charter for a Handy vessel (announced yesterday). We're gonna pop as soon as Ion announces new charters or extensions.
Handysize $17,611/day--up again today. Free should benefit as they mainly charter at spot rates.
The need to get some 1 year contracts. That will make lenders a little more comfortable when it comes to covenant waivers.