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            october 15, 2019

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Capesize rates steady


The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, rose following Chinese iron ore enquiry, especially on the larger Capesizes, according to Exim News Service.
The index, which gauges the cost of shipping commodities, including iron ore, cement, grain and coal, rose by 1.27 per cent, or 31 points, to 2,468 points.
"Capesize rates are steady in the $30,000/day range, continuing to benefit from rises in Chinese steel prices and domestic Chinese iron ore prices," Dahlman Rose & Co. said.

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