Capesize rates plunge on low cargo demand; Pacific-Atlantic TCE spread widens

Capesize freight rates fell sharply with levels for voyages within the Pacific dropping more steeply than for trips out of the Atlantic, from the unseasonal highs registered during early January, dragged by low cargo demand and congestion at Chinese ports. The time charter equivalent (TCE) rate for a ship opening in North China to do …

The post Capesize rates plunge on low cargo demand; Pacific-Atlantic TCE spread widens first appeared on Hellenic Shipping News Worldwide.

Share This:

Leave a Reply

Your email address will not be published. Required fields are marked *