The Baltic Dry Index closed the year in a much stronger position, thanks to a recovery in the capesize sector, which saw healthy volumes of iron ore from Brazil to China resume. However, ass the year comes to a close the Cape market continues to slow down due to excess tonnage and limited stems in the East despite a more positive Atlantic fronthaul market. The Panamax market has been difficult with charterers willing to wait for more favourable rate conditions before committing to vessels. Supramax are experiencing a more active finish to the year in Asia with some charterers favouring period commitments particularly in the Pacific.
|One week ago||1048||1126||960|
|Spot time charter||$ 10,078/day||$ 6,826/day||$ 9,445/day|
|One week ago||$ 6,729/day||$ 8,994/day||$ 10,034/day|