Capesize rebound in UKC-Med front haul rates
Continental front hauls gain as much as US$ 300 on the weekend with lower teens of US$ 12,000 moving up to US$ 12,500 daily on modern ships of 180,000 dwt. Whether this constitutes a true rebound remains to be seen as new fixtures are few. (p. 1)

More pressure on Supramax freights from South Africa
Rates from South Africa to India have been hovering around US$ 12,000 daily for Supramax tonnage and in the lower US$ 10,000s for front haul, marking a decline in rates from the area. (p. 2)

Pacific box rates rise as trans-Pac trade grows
…this week’s increase of 3.4% in the SCFI can be credited to substantial growth in the trans-Pacific spot rates with Asia-to-USWC up by 16.4% to US$ 1,608/ FEU and Asia-to-USEC showing 12.3% more to US$ 2,627/FEU. (p. 2)

…continue reading in today’s BMTI Daily Report