|
* The overall index, which factors in rates for capesize, panamax and supramax vessels, fell 126 points, or 5.5%, to 2,151, its lowest since April. 13. * The capesize index slipped 229 points, or about 9%, to 2,325. * Average daily earnings for capesizes, which transport
150,000-tonne cargoes such as iron ore and coal, dropped by
* Chinese stainless steel futures surged more than 5% on Tuesday, boosted by tight supply concerns as producers cut production. * "We expect dry bulk spot rates to soften seasonally in 1Q22 before returning to cyclical strength in 2022 as demand growth is expected across all dry bulk commodities," analysts at Jefferies wrote in a note dated Monday. * The panamax index fell 134 points, or 4.7%, to 2,715. * Average daily earnings for panamaxes, which ferry
60,000-70,000 tonne coal or grain cargoes, fell by * The supramax index fell 43 points to its lowest
level since April at 1,958.
(Reporting by
Copyright © Reuters 2008.
All rights reserved. Republication or redistribution of Reuters content,
including by caching, framing or similar means, is expressly prohibited without
the prior written consent of Reuters. Reuters and the Reuters sphere logo are
registered trademarks and trademarks of the Reuters group of companies
around the world.
Search NewsFilter ResultsPublication DateTopicProvider |
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.