Thursday, 13 August 2015 15:53

Market Report - August 14, 2015

Capesize rates slumped again this week, causing the Baltic Dry Index to close yesterday on 1046 points compared to 1201 points last week and 1100 points the week before.

 

  Cape Size    

   Panamax        

  Supramax 

Index 

       1875

       1054

        901

Last week

       2514

       1013

        904

Spot time charter     

 $ 13,500/day     

 $ 8,400/day 

$  9,400/day 

One week ago

 $ 19,700/day

 $ 8,100/day 

$  9,300/day

Tankers: VLCC spot rates from the Middle East to Asia have fallen below $50,000/day, their owest level in almost eight and a half months and are sitting at only about half of what they were in mid-July.

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