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Thursday, May 24, 2018

SSY Atlantic Capesize Index Gain by 487 points

Maritime Activity Reports, Inc.

February 5, 2018

File Image (CREDIT: AdobeStock / (c) Lucasz Z)

File Image (CREDIT: AdobeStock / (c) Lucasz Z)

Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index gain by 487 points in the week ending Monday to 6,338.
 

"The SSY Atlantic Capesize Index softened by 487 points from the previous week to 6,338, the lowest level since early August. However, the premium to the year-ago level remained at 1,400 points. The Atlantic round voyage rate (180k dwt) dropped by $4,900/day week-on-week to a sixmonth low of $10,750/day, while fronthaul rates fell by $3,450/day to $22,400/day". 

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