Friday, 25 September 2015 09:37

Market Report - September 25, 2015

Capesize upward momentum carried over into this week enabling the Baltic Dry Index to close yesterday on 922 points compared to 883 points last week and 830 points the week before.

 

  Cape Size    

   Panamax        

  Supramax 

Index 

       1911

       751

        738

Last week

       1637

       727

        872

Spot time charter     

 $ 13,700/day     

 $ 6,000/day 

$  7,700/day 

One week ago

 $ 11,900/day

 $ 5,800/day 

$  8,100/day

Containers:  Despite reduced revenues on account of abysmal freight rates, the majority of carriers achieved some level of profitability in the first half of the year thanks to much lower bunker costs according to analysis by those smart folks at Drewry Maritime Research. The combined container revenues of 16 of the 20 largest carriers, controlling around 65% of the world fleet shrank by 5% in the first six months of 2015 to just short of $60 billion according to Drewry.

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