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Atlantic leads surge in capesize rates.
(From Lloyds List)
DryTrade
THE phrase 'interesting times' in China usually refers to bad things happening.
But this was not the case when a Hong Kong broker was referring to capesize rates this week, writes Mike Grinter in Hong Kong .
There has been a lot of fixing of cargoes for cape- sizes in the Pacific during the week, which has seen rates for a round trip leap from $50,000 to $62,500 per day.
Strongest rates were seen in the Atlantic, where rates for transatlantic round trips rose from $59,000 to $67,000 daily for a modern 170,000 dwt vessel doing a trip ...
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