Thursday, 23 July 2015 12:46

Market Report - July 24, 2015

Demand for Capsizes continued this week to lift the Baltic Dry Index by another 100 points and to close yesterday on 1102 points compared to 1009 points last week and 853 points the week before.

 

  Cape Size    

   Panamax        

   Supramax 

Index 

       1924

       1161

     896

Last week

       1611

       1149

     723

Spot time charter     

 $ 15,000/day     

 $ 9,300/day 

$  9,400/day 

One week ago

 $ 12,000/day

 $ 9,200/day 

$  8,600/day

Containers: Attempts to raise rates on the Transpacific trade through General Rate Increases this month have failed miserably. Last week, Drewry’s Hong Kong-Los Angeles index dropped to its lowest level since 2009, at $1,218 per FEU.  At the same time, Transpacific rates to the US east coast are at their lowest levels since December 2011, having fallen by around 52% in just five months. 

Read 1518 times Last modified on Thursday, 23 July 2015 13:10
Login to post comments