Friday, 10 March 2017 11:41

Market Report - March 10, 2017

The dry bulk industry’s main benchmark has been staging a significant comeback during the past few weeks, demand for second hand bulkers has increased accordingly. However, many are remaining cautiously optimistic about continued improvements. According to Allied’s George Lazaridis, Head of Market Research & Asset Valuations, prices for many of the main industrial commodities such as iron ore and coal have continued to climb as demand holds firm, while even steel, a commodity which has more than any other felt the pressure from the supply glut, has managed to show a favourable face this year.

 

        Capesize          Panamax            Supramax 
Index           1789          1211         874       
One week ago          1097        1084         840
Spot time charter       $   13,231/day       $    9,728/day   $   9,142/day    
One week ago    $     8,571/day  $    8,711/day   $   8,785/day

 

Read 215 times Last modified on Friday, 10 March 2017 12:15
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