Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index
rose 162 points in the week ending Monday to 5,700. "Capesize rates strengthened
overall by the middle of last week with rates from Richards Bay for October particularly strong, with fronthaul activity also firmer," SS&Y said.
SS&Y's Pacific Capesize Index fell
11 points in the week ending Monday to 5,475. "The Pacific market saw a marginal re-balancing of tonnage supply in the charterers favor on certain positions," SS&Y said.