Baltic Exchange Circular Number 6/15 (16 February 2015)
Proposed change to Capesize vessel description for Baltic Exchange Sale and Purchase Assessment
In view of both the reference vessel size increase on the Baltic Cape Index (BCI) and the age profile of the Capesize fleet in the market, per Paragraph 13.3 of the Guide to Market Benchmarks the following minor change is proposed. The description of the vessel to be assessed is to be increased from 172,000 deadweight to the following, from 28 February 2015.
- 180,000mt dwt on 18.2m draft SSW
- Built in “first class competitive yard”
- LOA 290m & beam 45m
- 199,000cbm grain
- 14.5 knots laden and 15 knots ballast on 56mt fuel oil, no diesel at sea
- Not ice classed
- 5 years old
- Special survey passed
- Delivery 2-3 months, charter free
- 2% total commission.
It has also been proposed that when future changes are made to any reference vessels for the chartering benchmarks, then that new description will apply to all relevant Sale & Purchase assessments.
Any questions or comments should be directed to email@example.com