Friday, 12 May 2017 13:40

Market Report - May 12, 2017

The Baltic Exchange’s main sea freight index , tracking rates for ships carrying dry bulk commodities, inched higher on Thursday helped by stronger rates for capesize vessels.  The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up seven points, or 0.7 percent, at 1,012 points. The capesize index jumped 50 points, or 3.04 percent, to 1,695 points after falling 40% over the last month.

        Capesize          Panamax            Supramax 
Index           1725              992         784   
One week ago          1480        1023         811
Spot time charter       $   12,944/day  $    7,980/day    $   8,818/day    
One week ago    $   11,499/day  $    8,225/day   $   8,959/day



 

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