SS&Y Indices Drop

Monday, November 20, 2000
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index was down 62 points in the week ending Monday to 6,019. "Another quiet week in terms of inquiry, which led to a small loss in the index and while there is nothing to indicate that the rest of 2000 will have a vastly different outlook to the past few weeks, the index should remain at or around current levels." SS&Y said. "Looking forward, we are waiting on owners and charterers to start thinking about 2001 business as December loadings loom large," SS&Y added. SS&Y's Atlantic Capesize Index was down 66 points in the week ending Monday to 5,865. "Volatility seems to be the watchword for capers at present, indicating that little has changed in terms of the supply/demand balance in the past 12 months, as seen by Richards Bay/Rotterdam which started at $11.20, fell to $10.50 and finished at $11.10," SS&Y said. "Demand remains high overall, while periods of inactivity can lead to flat to negative tones in the short term. Having said that, the index is still over 29 percent ahead for the year, so 2000 should still be classed as a good year," SS&Y added.
Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Scorpio Bulkers Modifies and Sells Shipbuilding Contracts

Scorpio Bulkers Inc. announces agreements to modify and sell existing shipbuilding contracts for six capesize vessels    Scorpio Bulkers Inc. has reached agreements

CSL St-Laurent on Maiden Voyage

The second of Canada Steamship Lines' (CSL) two newbuild Trillium Class Great Lakes bulk carriers, CSL St-Laurent, was delivered on November 26, 2014 and set

Slow Progress in US West Coast Port Talks

The union for 20,000 dockworkers and a group of their employers at 29 U.S. West Coast ports say they are making slow but steady progress in months-long contract

Environmental

Becker Marine Delivers Rudder for Largest Containership

Becker Marine Systems delivers rudder for the largest container ship in the world   At 19,000 TEU, the largest container ship in the world is now picking up speed

Port of Amsterdam to Reward Green Barges

The cleaner the vessels, the larger the discount on Inland Harbour Dues. Port of Amsterdam will be joining the Green Award program for inland barges on January 1,

BSEE Attends Arctic Council Meeting

The Bureau of Safety and Environmental Enforcement’s (BSEE) David M. Moore recently traveled to Seattle, Wash., for a meeting of the Arctic Council Emergency Prevention,

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1016 sec (10 req/sec)