Marine Link
Sunday, September 25, 2016

SS&Y Capesize Indices Mixed

December 10, 1999

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 27 points to 4,428 in the week ending Dec. 6. "A flat week led to a dip of 27 points as the Queensland/Rotterdam route fell 40 cents while routes to Beilun strengthened," SS&Y reported. "Forecast for seaborne trade in steam and coking coal and iron ore look bullish for 2000. A slow first quarter will be turned around by the second quarter for an optimistic 2000 for owners," SS&Y added. SS&Y's Atlantic Capesize Index rose five points to 4,425 last week. "The index had a flat week rising just five points but average earnings for a standard Capesize vessel (161,000 dwt) across the four BCI routes, have risen by 65.7 percent to $16,204 daily from their second quarter low," SS&Y reported.


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News