Capesize shipping rates fall again, -71.5% YTD

|By:, SA News Editor

Shipping rates fell again overnight, and the Baltic Dry Index is now -44% YTD.

Overnight, capesize shipping rates declined 19.6% (or -$1,4620 to $11,128/day), panamax rates slipped 4% (or -$219) to $11,710/day, while supramax rates fell 1.8% (or -$94) to $11,721/day.

YTD, capesize rates -71.5%, panamax rates -20%, supramax rates -23%.

On watch: DRYS, GNK, PRGN, DSX, FREE, ULTR, EGLE, NM, NMM, SBLK, KEX, SB, SINO, BALT, ESEA, DCIX, TEU, DAC, SHIP, SSW, GSL.