Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rose
179 points to 4,378 in the week ending Oct. 18.
"After last week's record rise (912 points), the Pacific Capesize index
has continued on a more moderate upward path this week," an SS&Y spokesperson said. "Current Pacific trade and activity looks steady with the volume of Japanese and Chinese cargoes remaining strong, but Atlantic direction cargoes are not holding as high a premium as trans-Pacific, although brokers feel that this could alter soon," he added.