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Alpha Bulkers capesize fixed on timecharter at decent rate

Today saw a rare capesize period fixture on a day in which the Baltic Dry Index advance by 13 points to 609, having languished below the 600-mark for the past week.

Alpha Bulkers’ cape Alpha Hope (181,400 dwt, built 2011) was reported fixed to Cargill for seven to nine months at a daily rate of $10,000. The ship will deliver promptly at Cape Passero, according to Baltic Exchange data.

The rate is the highest reported capesize period rate seen since around November last year, and is a small advance on the last reported fixture.

On Thursday, Hong Xiang Shipping’s super-cape Wish Star (205,797 dwt, built 2015) achieved just $9,400 daily when it was reported fixed to Oldendorff for six to nine months. The vessel will deliver in China between June 28 and July 8.

London-based shipbroker and period market specialist Alibra Shipping today estimates six-month period rates of $8,400 per day for capesizes in both the Atlantic and Pacific basins.

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Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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