62Mt Fuel Oil News

London's Baltic Exchange Redefines Capesize Terms

The move follows a formal consultation process with the dry bulk market which began on 11 October 2013. Trial reporting on the new routes and vessel description will begin in late January/early February with a lifting of the trial anticipated by the end of March 2014. The existing routes and new routes will be published side-by-side until there is no further open interest in either Forward Freight Agreements (FFAs) or options to be settled. This vessel will routinely be referred to as the 'Baltic Capesize 2014'. 15 knots ballast/14 knots laden on 62mt fuel oil (380 cst), no diesel at sea.