ILS-Capesize Dry Cargo Report

ILS ( International Logistic Services ) Chartering is an independent, privately owned shipbroking company based in Hamburg, specialising in chartering and logistic management of bulk commodities. ILS arranges cargo movements on a spot and contract basis as well as providing full operational support. At this point ILS offers the monthly Capesize Dry Cargo Report - with substantiated information about the bulker market. Further archived ILS-reports are available here .

Read further for the current ILS report - June 2010

The Capesize market started the month in a positive fashion, but as the week progressed, sentiment and rates began to soften and the average of the four time charter routes fell back 2,085 US-Dollar to 55,010 US-Dollar daily.

A 171,000 dwat vessel fixed delivery Shanghai 3-4 June via West Australia with redelivery China at 59,000 US-Dollar per day, the second week ended with a similar direction and the average of the 4TC routes finished the week at 44,244 US-Dollar, a fall of 10,766 US-Dollar.

Iron ore prices are at a very high level for Q3 and its starting to look that the Cinese might minimise their import levels. The average of the 4 TC routes dropped further by 14,746 US-Dollar to end the third week at 29,498 US-Dollar.

At the end of June the Baltic Capesize Index (BCI) was down to its lowest level since September 25, 2009 (BCI on 1st June: 5402 - 30th June: 2711). Pacific roundvoyage trip stand at about 19.000 US-Dollar daily.

Basic Capesize Index - The development in the current month

Basic Capesize Index - The annual development

Data and information in this report is derived from a variety of sources. Whilst ILS ( International Logistic Services ) Chartering has used reasonable efforts to include accurate and up-to-date information in this report, the company makes no warranties or representations as to the accuracy of any information contained herein or accuracy or reasonableness of conclusions drawn there from. ILS Chartering and König & Cie. assumes no liabilities or responsibility for any errors or omissions in the content of this report.