Friday, 09 December 2016 11:13

Market Report - December 9, 2016

The Capesize index took a tumble this week with earning down 27% over last week.  Rates may fall further next week as prospects for a pre-Christmas rally fade with ship supply outpacing cargo demand.

        Capesize          Panamax            Supramax 
Index           1575         1508         966       
One week ago          2193         1508         921
Spot time charter       $      9,342/day       $  12,023/day   $ 10,099/day    
One week ago    $    14,061/day  $  12,029/day   $  9,634/day

 

Read 246 times Last modified on Friday, 09 December 2016 11:18
Login to post comments