SSY Pacific Capesize Index Gain 602 Points

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index gain 602 points in the week ending Monday to 4,674.

"A weekly gain of 602 points lifted the SSY Pacific Capesize Index up to 4,674 points. This is more than 1,800 points above the year-ago level. Round voyage rates in the Pacific (180k dwt) rebounded by $2,300/day last week to $14,100/day, while the Dampier-China iron ore spot rate was up by $0.55/t to $6.80/t."