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Saturday, December 15, 2018

Ssy Pacific Capesize News

SSY Pacific Capesize Index Rises Sharply

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Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rise by 356 points in the week ending Monday to 4,803."The SSY Pacific Capesize Index led to a four-week high of 4,803 points, however,this still marked a sizeable annual drop of 2,104 points.The W.Australia-China iron ore spot rate gained $0.50/t to $7.50/t, as the Pacific round-voyage rate (basis 180k dwt) jumped to $15,400/day from $10,850/day the week before." SSY said.source: Reuters

SSY Pacific Capesize Index rise by 36 points

File Image / AdobeStock © Lucasz Z

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

SSY Pacific Capesize Index Up 283 Points

File Image: Adobestock / © Lucasz Z

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rise by 283 points in the week ending Monday to 6,112."Led by strong rate increases on backhaul trades, the SSY Pacific Capesize Index climbed 283 points week-on-week to the highest level since August at 6,112 points. The Pacific round-voyage rate retreated to $19,300/day, down $850/day, while the W.Australia-China iron ore spot rate edged lower to $8.60/t.".

SSY Pacific Capesize Index Rises Again

File Image (CREDIT: AdobeStock / © Lucasz Z)

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index reported a gain by 241 points in the week ending Monday to 4,915.   "The SSY Pacific Capesize Index increased by 241 points week-on-week to a 16-week high of 4,915 points. A $650/day rise in the Pacific round-voyage rate (180k dwt) was modest compared to increases in Atlantic earnings however, this was still enough to lift it to a year-to-date high of $16,000/day. The W.Australia-China iron ore spot rate rose by $0.15/t to $7.25/t." SSY said.

SSY Pacific Capesize Index Rises 312 Points

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.

SSY Pacific Capesize Index Gain 602 Points

© Phonlawat / Adobe Stock

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index gain 602 points in the week ending Monday to 4,674. "A weekly gain of 602 points lifted the SSY Pacific Capesize Index up to 4,674 points. This is more than 1,800 points above the year-ago level. Round voyage rates in the Pacific (180k dwt) rebounded by $2,300/day last week to $14,100/day, while the Dampier-China iron ore spot rate was up by $0.55/t to $6.80/t."

SSY Pacific Capesize Index gain by 432 points

© Anatoly Menzhiliy / Adobe Stock

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index gain by 432 points in the week ending Monday to 4,387. "A weekly gain of 432 points lifts the SSY Pacific Capesize Index to 4,387 points. This is 940 points above the year-ago level. An increase in iron ore chartering activity from West Australia led to a significant improvement in the Pacific, with round-voyage rates (180k dwt) rising by $5,850/day last week to $14,350/day, while the Dampier-China iron ore spot rate climbed by $1.30/t to $6.95/t".

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