SSY Atlantic Capesize Index Rise by 161 points

Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index rise by 161 points in the week ending Monday to 7,550.

The SSY Atlantic Capesize Index rose by 161 points week-on-week to 7,550 points as a pickup in Brazilian iron ore chartering saw fronthaul rates from the region strengthen. There were increases of $200/day and $500/day in the round-voyage and fronthaul rates to $16,500/day and $30,000/day, respectively. The latter a six week high.

Source: Reuters