SSY Pacific Capesize Index Rises Sharply

Maritime Activity Reports, Inc.

December 3, 2018

File Image: Credit K line

File Image: Credit K line

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

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