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  • July 30, 2014
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Results 1 - 5 of 5 for capesize

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  1. Capesize vessel rates falling, with iron ore build-up increasing fears

    Posted Jul 23rd 2009, 12:00am by Charlotte So

    ... and warehouses will push prices lower. The price index for the Capesize vessel, which is about 175,000 deadweight tonnes, has slid 29 per cent in the past month. It fell 3.8 per cent on Tuesday to 5,602 ... said Geoffrey Cheng, a transport analyst at Daiwa Institute of Research. 'This means iron ore imports will slow down in the fourth quarter.' The daily rate for chartering a Capesize ...

  2. Baltic Dry Index follows drop in forward rates

    Posted Jun 06th 2009, 12:00am by Charlotte So

    ... the forward freight agreement for all periods for cape-size vessels peaked one day before spot BDI peaked.' The reason behind the more than fivefold increase in the BDI this year was the strong demand for cape-size vessels to deliver iron ore from Brazil or Australia to China. The strong demand for imported iron ore is driven by price arbitrage opportunities on the commodity. Spot iron ...

  3. Cosco earnings sink 40.4pc on lower rates

    Posted Apr 23rd 2009, 12:00am by Charlotte So

    ... rates for capesize vessels, those at more than 150,000 deadweight tonnes, peaked at US$233,988 per day on June 5 and plunged 99 per cent to US$2,316 on December 2 as demand for shipping dried up ... after hitting a record high on May 20. China Cosco operated 81 capesize vessels and 351 bulk ships of other classes as of the end of June. The decline in freight rates for bulk shipping helped ...

  4. Cosco income hit by rapid collapse of freight rates

    Posted Apr 20th 2009, 12:00am by Charlotte So

    ... and the frightening drop in freight rates in the last three months of the year. Spot earnings for the capesize segment peaked at an incredible US$233,988 per day on June 5 only to slide precipitously over the next six months to US$2,316 per day on December 2, a 99 per cent dive. China Cosco, which operated 81 capesize vessels as of the end of June, and 351 ships of other types, also felt ...

  5. Alliance prompts steelmakers to seek alternative iron ore suppliers

    Posted Jun 15th 2009, 12:00am by Carol Chan

    ... 250,000-deadweight-tonne capesize vessels. The project, which is targeted to begin production in 2012, could provide 35 million tonnes of iron ore annually for at least 20 years. China, the world's biggest ...



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