Thursday, 10 September 2015 15:41

Market Report - September 11, 2015

With declining market appetite for Panamaxes, the Baltic Dry Index is now well entrenched back into three figures closing weaker again yesterday on 830 points compared to 891 points last week and 905 points the week before.

 

  Cape Size    

   Panamax        

  Supramax 

Index 

       1202

       751

        824

Last week

       1195

       870

        882

Spot time charter     

 $  8,700/day     

 $ 6,000/day 

$  8,600/day 

One week ago

 $  9,100/day

 $ 6,900/day 

$  9,200/day

Tankers: VLCC spot rates on the benchmark Arabian Gulf to Asia route recovered last week by more than $20,000 per day over the past two weeks to bring spot time charter rates back up to around $50,000/day.

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