SSY Pacific Capesize Index Rises 312 Points

Maritime Activity Reports, Inc.

April 16, 2018

File Image (CREDIT: AdobeStock / © Jose Gill)

File Image (CREDIT: AdobeStock / © Jose Gill)

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index reports a change of 312 points in the week ending Monday to 3,814.

"The SSY Pacific Capesize Index rose by 312 points week-on-week to 3,814 points, ending a run of losses that went back to the end of February. The Pacific round-voyage rate (180k dwt) climbed $3,750/day to a five-week high of $11,750/day, while the West Australia- China iron ore spot rate increased by $1.15/t to $6.40/t." SSY said. 

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