SwissMarine strikes for cape
SwissMarine has continued its run of activity in the capesize period market with the hire of a Chinese newbuilding.
SwissMarine has booked the 180,000-dwt CS Grace for an eight to 11 month stretch, the Baltic Exchange reports today.
A price of $24,100 per day has been placed on the contract for a vessel which was only launched last month.
This compares with the $15,100 per day available in the spot market right now, up by over a third in the past week.
Omar Nokta of Global Hunter Securities said in a report today: “High activity levels have been the main driver of the improvement.
“We point out that last week a total of 33 capes were fixed on charters compared to 16 the week prior and the 2014 weekly average of 19.”
SwissMarine has now hired up to seven capes on period deals since the middle of May, according to the Baltic.