Cape short period rates remained on the same levels this week following the increase on the previous one.

Cape short period rates fell slightly this week and can achieve $16,500/pdpr whilst 12-24 months remained on the same levels $16,500/pdpr.

Cape short period can achieve $18,000/pdpr whilst 12-24 months dropped to $16,000/pdpr.

Cape 6 months can achieve $17,000/dpr up $500 whilst 1 and 2 years can achieve $16,000.

Cape short period can achieve $16,500/pdpr as Australia stems boost the physical and paper market.

A mixed market for the Capesize spot market has led to a fall in 1 year period rates to $14,750/pdpr.

Capesize spot market saw slower trading this week as key Atlantic routes fell into the negative realm. 

The 6 month Cape TC market has risen to $17,500/pdpr given strong Pacific spot business.

Following a positive spot market Cape 1 year TC rates are up to $16,000/pdpr with the market strong for ECSA traders.

Cape 1 year TC rates can achieve around $13,500/pdpr with the market strong for Australia to China coal business.

Mixed market this week with Cape 1 year rates achieving $13,500/pdpr.

The week has showed signs of a slowing market as spot rates begin to come down, particularly in the East.

Buoyed by improved Australia/China spot business, Capesize 6 month TC rates can achieve around $11,500/pdpr, with one 6 month fixture reported at $14,500.

The Cape 1yr period market dropped to around $11,000/pdpr on the back of weaker coal stems both from Brazil and Australia as Chine turns the screw on its import restrictions.

With improved rates across the market, principals have been in standoff over rates.