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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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November 2014 | Steel Raw Materials


Freight Highlights: 25 November 2014


A roundup of MBR's freight statistics for the week of 25 November 2014

Trading activity on the Baltic Dry shipping markets stabilised through the week, after declining in mid-November, owing to firmer trading activity, as some shippers have begun to clear stocks over the remainder of the year. In fact, the Baltic Dry Index (BDI) and Baltic Capesize Index (BCI) increased by 5.4% and 3.7% week-on-week basis, respectively. Meanwhile, MBR understands that the Atlantic Capesize Index was little-changed on a weekly basis. That said, fronthaul rates fell weakened modestly on a week-on-week basis, while Transatlantic round voyage rates were unchanged at $6,500/day. Meanwhile, the Pacific Capesize Index declined for the second consecutive week, falling to levels last...

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