October 2018 | Steel Raw Materials
Freight Highlights: 17 October 2018
A roundup of MBR's freight statistics for the week of 17 October 2018
Capesize freight rates rose in both the Pacific and Atlantic basins as freight markets continued to rebound from the losses incurred last month. The Pacific Capesize index of Simpson Spencer Young (SSY) rose 3% to 5767 points on October 12, while the Atlantic index increased 4.1% to 8,566 points. Pacific rates have now risen for three weeks on the bounce while Atlantic rates have risen in three of the last four weeks. The...
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