State Of Many Cargo Ships In Jeopardy

Capt. John
Credits: Venti views/Unsplash
  • The Capesize time charter average (5TC) lost more than 50% of its value since the middle of last week.
  • Ultramax experiences a rather stagnant week with the Atlantic generally lacking fresh enquiry. 
  • With many celebrating Lunar New Year, activity was limited in Asia. However, some regions of the Atlantic were showing signs of resistance to further reductions. 

Here’s a quick review of the status of cargo ship health around the world.

Capesize

The Capesize time charter...

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