Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Capesize fixed at $109,000, rally back to pre-Lehman Bros days

Capesize fixed at $109,000, rally back to pre-Lehman Bros days

London: Capesizes have soared back to six figure territory to hit highs not seen for 14 months, on the back of strong China demand, growing port congestion and, worryingly for owners, a surging paper market. 
China is in the process of restocking iron ore volumes ahead of the annual contract negotiations with the main global miners. China's coal needs have also jumped on the back of an especially cold start to winter.  [20/11/09]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.