News ID: 71626 |
Publish Date: 16:01 - 16 January 2017

Handies rates slide

THE handysize bulker market was fairly subdued in the past week due to vessel oversupply and a lack of of fresh cargoes.

Handies rates slide
According to MANA, The Baltic Exchange Handysize Index was assessed at 459 points on Friday, significantly down by 9.6% from the week-ago level of 508.
The HS5 Southeast Asia via Australia to Singapore-Japan and the HS6 South Korea-Japan via North Pacific to Singapore-Japan routes recorded a drop in rates last week, to $5,029 per day and $5,000 per day as of Friday's close, down 4.5% and 7% week on week respectively.
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