The past week closed with the Kamsarmax sector once again emerging as the most underperforming segment in terms of average time-charter equivalent (TCE) with the sector experiencing a further decline of 1.7%, settling at $11,645 per day on Friday 6th September. Notably, this marks the 13th consecutive business day, dating back to August 19, in which Kamsarmax average earnings (P5TC) have fallen below those of Handysize vessels (HS7TC), resulting in an average premium for Handysize ships of $1,198 per day over this period.
Intermodal-Report-Week-36-2024