Here is the report from the Baltic Exchange for Nov. 19 (I am not allowed to publish the ones from the 20th yet).
Baltic Indices 19/11/2008 BDI 859 (-6) BCI 989 (-5) BPI 978 (-34) BSI 606 (+17) BHSI 310 (+4)
So, the rates for Capesize ships went down a little, Panamax are down a lot, but the good news is both the Supramax and HandySize are up.
I don't really know if that is a blip or a trend. Could be the market is hitting it's bottom.
I suppose there is a chance the Capesize ships are not down as much as the Panamax if owners have decided to route their ships via the Capes anyway, due to all the pirate problems. Or,it could be because of insurance. I don't know the rates, but would guess if you are transiting the Gulf of Aden, the insurance costs have gone up considerable.
click here for previous post explaining categories of the Baltic Exchange
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