SSY Atlantic Capesize Index Up 293
Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index rose by 293 points in the week ending Monday to 8,038.
The SSY Atlantic Capesize Index retreated by 293 points last week to 8,038 points as a quiet weak for trans- Atlantic coal and iron ore chartering contributed to a softening in earnings. The Atlantic round-voyage rate (180k dwt) declined by $2,200/day to a three-week low of $17,000/day, while the fronthaul rate dropped by $1,250/day to $32,500/day.