Drybulk TCE for 3Q was $8,557. Panamax rates today are $10,277 and Capes are at $22,468. Rates have held strong all this quarter, which is adding to DRYS revenue every day. With the one exception, the offshore fleet, all of DRYS ships are operating well into the green this quarter.
3Q report was more or less on track. 2 notable surprises were the high, one time fees and the lack of Heidmar.