SS&Y Pacific Capesize Index Down 12 Points

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index was down 12 points to 4,282 in the week ending Nov. 22. "Short-term prospects remain good as the plethora of Chinese enquiry is not fully covered yet, as well as some Atlantic-bound cargoes for December, which leaves a few opportunities for owners," SS&Y reported. "The firm tone should prevail over the coming week but thereafter the market will need fresh inquiry."