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    December Market Review from ISTFIX

    December 30, 2016
    SeaNews
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    December Market Review from ISTFIX
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    Istanbul Freight Index (ISTFIX) spiked vigorously in November and December. The Index had started edging upwards of 570 point levels by October and hinted a seasonal upward correction. At the end of the year, the Index exceeded 600 points.

    Istanbul Freight Index (ISTFIX) spiked vigorously in November and December. The Index had started edging upwards of 570 point levels by October and hinted a seasonal upward correction. At the end of the year, the Index exceeded 600 points.

    Daily earnings of the vessels (Time Charter Equivalent- TCE) currently stand at:

                      2.000-4.000 dwt 4.000-6.000 dwt 6.000-8.000 dwt 8.000-12.000 dwt 19.12.2016 1.695 2.580 3.505 5.031 24.10.2016 1.591 2.423 3.291 4.724

     

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