December Market Review from ISTFIX

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