Capesize freights start the week in limbo
Starting the week on an undecided, Capesizes trend largely sideways with only the Pacific RVs taking any considerable damage, losing only US$ 200-300 to settle in the mid US$ 8,000s. (p. 1)
Promising signs for Handies via South Africa
South African brokers expect a rush for tonnage for first half December dates, which already has inspired owners of a 56,000 dwt open ECI to indicate her for a South African RV at US$ 13,000 daily. (p. 2)
Modest uptick in box rates on USEC redelivery
More influential was the Shanghai-to-USEC route, up 3.5% week-on-week to hit US$ 3,739/FEU while the corresponding USWC redel (20% of the SCFI) fell by 1.8% to trade at US$ 2,529/FEU. (p. 2)
To see more of BMTI’s daily dry bulk analysis, subscribe to the BMTI DAILY REPORT today.