SS&Y Capesize Indices Rise

Monday, December 06, 1999
SS&Y Capesize Indices Rise SS&Y Atlantic Capesize Index Rises 53 Points Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index rose 53 points to 4,420 in the week ending Nov. 29. "Increasing pressure on fronthaul rates, particularly for modern tonnage, has brought a firm tone to routes to the Far East, and demand for end December in to the start of 2000 will keep owners optimistic that rates will climb further," SS&Y reported. SS&Y's Pacific Capesize Index rose 173 points to 4,455 in the same week. "The Pacific Capesize Index has risen to its highest level since its inception in January 1997 as Chinese inquiry, which has been the prime mover of the recent firmer tone, remained a key feature," SS&Y reported. "It seems quite possible that the firm tone will continue in to the New Year as demand remains healthy," SS&Y added.
Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

DNV GL Names Remi Eriksen Group CEO

Remi Eriksen has been appointed as the DNV GL Group’s new president and CEO, succeeding Henrik O. Madsen, who will retire August 1. The DNV GL board of directors

Aramco Offers Rare 1.5 pct Gasoil Cargo

Aramco Trading, the trading arm of oil producer Saudi Aramco, has offered a rare gasoil cargo with a 1.5 percent sulphur content for June lifting from Rabigh, traders said on Thursday.

Golden Ocean: Worst Bulk Market Since 1980s

Dry bulk shipping firm Golden Ocean reported first-quarter earnings below forecasts on Thursday and said its market had gone from "bad to worse" with market conditions not seen in three decades.

Bulk Carrier Trends

Golden Ocean: Worst Bulk Market Since 1980s

Dry bulk shipping firm Golden Ocean reported first-quarter earnings below forecasts on Thursday and said its market had gone from "bad to worse" with market conditions not seen in three decades.

Sulfur-Laden Bulk Carrier Grounds off Port Arthur, TX

The U.S. Coast Guard is working with state and local partners in response to a bulk carrier loaded with sulfur that ran aground in the Gulf of Mexico Tuesday, while

New Dry Bulk Facility at Khalifa Port

New AED 20 million facility will pack and transport dry bulk products for petrochemical and mineral manufacturers    Abu Dhabi Ports celebrated the groundbreaking

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1178 sec (8 req/sec)