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SSY said average capesize earnings spiked to the highest level since September 2019 on 6 July at $33,760 per day. Photo: DSCI

SSY: China port congestion adding to capesize rate strength

Simpson, Spence and Young say around 5.5% of the fleet of 1,800 ships is waiting to discharge

13 July 2020 2:33 GMT Updated 13 July 2020 9:18 GMT

Port congestion in China has “unquestionably played a role” in tightening vessel supply and demand in the capesize market, said SSY. Some 99 laden

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