• About Angela Chao
  • Career in Shipping
    • Different Career Paths in Shipping
      • Deck Officer
      • Freight Analyst
      • Marine Engineer
      • Ship Broker
      • Shipbuilder
    • Education Facilities and Programs
    • How to Get started
  • Contact Angela

Angela Chao Blog

~ International Shipping and Transportation

Angela Chao Blog

Tag Archives: Baltic Capesize Average

Capesize Rates Rise Strongly

27 Sunday Oct 2013

Posted by Angela Chao in Dry bulk shipping

≈ 1 Comment

Tags

Baltic Capesize Average, Baltic Capesize Index, Capesize rates, China, freight rates, iron ore, strong steel production

Capesize rates have risen strongly since August this year. The Baltic Capesize index has been in the doldrums for most of the year – averaging only just over $6,000 per day for the first six months of this year. July and August’s Baltic Capesize Index averages were both over $13,000 per day. But the big rise came in September, when the Baltic Capesize Average Index averaged over $30,000 per day.

China’s strong steel production sector resulted in a record import of 74.5M tons of ore in September, 8% higher than in August, and a 15% increase over last year. Continue reading →

Social

  • View angelachaocff’s profile on Facebook
  • View AngelaAChao’s profile on Twitter
  • View angela-chao-57848163’s profile on LinkedIn
  • View angelachao1’s profile on YouTube

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 345 other subscribers

About Me

Angela Chao
Chairman and C.E.O. of Foremost Group, a leading shipping and trading enterprise, Angela Chao is an active businesswoman who serves on several boards and loves to volunteer. Angela comes from a loving and supportive family of Chinese descent. The Chao family dedicate themselves to serving and contributing to society.

Read More

Recent Posts

  • A Review of Dry Bulk Shipping Performance and Its Challenges in 2016
  • Several Indicators Point to Long-Term Recovery in Capesize Market
  • Is Obsession with Brexit Creating a Blind-spot for Economists?
  • Angela Chao’s Mixed Bag of News for the Dry Bulk Shipping Industry
  • Consolidations in China’s Steelmaking Industry are Healthy and Necessary

Categories

  • Baltic Dry Index
  • Dry bulk shipping
  • Shipping Events

Tags

Baltic Capesize Index BDI Capesize rates China Chinese economy coal imports coal shipping Crude Oil Dalian Commodity Exchange dry bulk market dry bulk shipping dry bulk shipping market freight rates iron ore Iron ore prices iron ore shipping Iron ore shipping vessels shipping industry steel steel industry

Blog at WordPress.com.

  • Follow Following
    • Angela Chao Blog
    • Join 90 other followers
    • Already have a WordPress.com account? Log in now.
    • Angela Chao Blog
    • Customize
    • Follow Following
    • Sign up
    • Log in
    • Report this content
    • View site in Reader
    • Manage subscriptions
    • Collapse this bar