SSY Pacific Capesize Index rise by 36 points

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