March 2020 | Steel Raw Materials
Freight Highlights: 11 March 2020
A roundup of Fastmarkets' freight statistics for the week of 11 March 2020.
Capesize freight rates continued their decline with the Simpson Spence and Young (SSY) Atlantic and Pacific indexes falling on the week. The Pacific Capesize index fell by 5.1% on the week to 3,030 points, while in the Atlantic basin the index fell by 3.1% to 4,801 points, marking their lowest levels since April 2019. Moreover, falling bunker fuel prices, amid downward...
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