SSY Indices Fall

Monday, December 04, 2000
Shipbrokers Simpson, Spence and Young's Pacific Capsize Index fell 401 points in the week ending Monday to 5,618. "The Index is higher than it was a month ago and yet there appears to be a shift from optimism to pessimism by capsize owners," SS&Y said. "Underlying demand has not altered markedly and the supply situation has not altered since spring and while inquiry has generally been light, we feel that owners are slipping into sackcloth and ashes far too soon," SS&Y added. SS&Y's Atlantic Capsize Index fell 138 points in the week ending Monday to 5,699. "Charterers have recently been booking early to avoid the Christmas rush, which has lead to a quiet period," SS&Y said. "Much is now being made of the outlook for the steel market in 2001. We feel that while the supply of steel is outstripping demand, there is a base demand sufficient to keep the market moving and that supply will level out with demand," SS&Y added.
Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Chinese Yards Apply for EU Regulation on Ship Recycling

Two Chinese ship recycling yards have applied for inclusion of their facilities in the future EU list of Ship Recycling Facilities.    The official documents

Jackup Rig Delivered to Abu Dhabi’s NDC

Lamprell delivers its 11th Super 116E jackup drilling unit Lamprell has completed the construction of jackup drilling rig, the Shuwehat, and has delivered the

Transpacific Container Shippers Plan Price Rise

A container shipping organisation urged companies on Wednesday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) from Jan. 15, corresponding to an increase of 26.

Bulk Carrier Trends

Wrecked Bulker’s Bow Refloated, Scuttled off S.Africa

TITAN Salvage, Crowley Maritime Corp.'s Houston-based marine salvage, emergency response and wreck removal company, has refloated and scuttled the largest section of the wrecked bulk carrier, Smart.

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

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Simulators Shipbuilding / Vessel Construction
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: 0.1688 sec (6 req/sec)