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.

Capesizes on a hot streak

Article-Capesizes on a hot streak

Capesizes on a hot streak

London: Average daily spot earnings have almost doubled week-on-week for capesize vessels, while levels paid for rounds in the Pacific have tripled to $32000/day as China regains its appetite for iron ore. The Baltic Dry Index rose 7.5 percent yesterday, or 166 points, to 2,378 points in a fifth session of gains.
The Baltic's capesize index rose 15.71 percent, with average capesize earnings rising to $29,022 a day at its highest since June.
"The capesize market has sprung back into life as a number of period fixtures at increasing rates have been reported the last few days," Arctic Securities said in a report.
"However, spot market activity still appears to be fragile and a firm upwards trend has yet to be established." [12/08/10]

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.