SSY Atlantic Capesize Index fell by 805 points
Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index fell by 805 points in the week ending Monday to 6,475.
"The SSY Atlantic Capesize Index fell by a further 805 points last week to 6,475 points as weak fronthaul iron ore chartering from Brazil, coupled with a lack of trans-Atlantic cargoes, contributed to a decline in earnings. At $9,750/day, the Atlantic round-voyage fell by $5,050/day, while there was a $6,200/day drop in the fronthaul rate to $22,000/day." SSY said.