SSY Pacific Capesize Index rise by 36 points

November 5, 2018

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rise by 36 points in the week ending Monday to 6,148.


File Image / AdobeStock © Lucasz Z
File Image / AdobeStock © Lucasz Z

The SSY Pacific Capesize Index was almost unchanged week-on-week at 6,148 points as further robust rate increases on backhaul routes were cancelled out by lower earnings on South Africa-China iron ore and coal trades. The W.Australia-China iron ore spot rate edged up to $8.65/t, while there was a $300/day decline in the Pacific round-voyage rate (180k dwt) to $19,000/day.


By Reuters

Related News

AMSA: MLC Complaints Decreased in 2023 Esgian Week 19 Report: New Offshore Acreage Offered Australia Sets Date for End of Live Sheep Exports ULA Orders Rocket Transport Ship from Bollinger Authorities Identify Sixth Bridge Collapse Victim