SSY Atlantic Capesize Index fell by 805 points

Maritime Activity Reports, Inc.

May 29, 2018

File Image (CREDIT: AdobeStock / © Lucaz Z)

File Image (CREDIT: AdobeStock / © Lucaz Z)

Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index fell by 805 points in the week ending Monday to 6,475.

"The SSY Atlantic Capesize Index fell by a further 805 points last week to 6,475 points as weak fronthaul iron ore chartering from Brazil, coupled with a lack of trans-Atlantic cargoes, contributed to a decline in earnings. At $9,750/day, the Atlantic round-voyage fell by $5,050/day, while there was a $6,200/day drop in the fronthaul rate to $22,000/day." SSY said. 

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