Capesize
Iron ore and coal, the majors
Current level
14 Oct 2026
What this index measures: Daily freight index for the largest dry-bulk carriers (~180,000 dwt and up), the ships that move most of the seaborne iron ore and coking coal on the Brazil to China and Australia to China trades.
Average TC earnings
$33k/day
−3,302 $/day
Month over month
−38.6%
Since Jun 2026
−34.0%
Year over year
·
Not enough history
5-year
·
Not enough history
Capesize: realised time-charter earnings
Realised quarterly earnings (dots) with a monthly estimate between them; the shaded band is the typical range. The monthly line averages back to each realised quarter, so it fills the path between them without contradicting them. An estimate, not a market index.
Dots: realised time-charter equivalent, the median across owners each quarter. Line: monthly estimate between realised quarters; band: typical range.
Daily index level · 1 Jun 2026 to 14 Oct 2026
Capesize: history
The daily level of this index, one point per publishing day. Non-publishing days simply have no point.
Reported fixtures
Latest Capesize fixtures
- G.P. Zafirakis$38,000/day· Classic9 Oct
- Genco Ranger$17.00/ton· Arcelor MittalPort CartierGijon9 Oct
- Pyxis Marine$34.25/ton· CoscoTubarao opt. W.AfrQingdao9 Oct
- Oldenroff$16.70/tonne· TKSESeven IslRotterdam2 Oct
- Nmax$36.50/tonne· ErametOwendoTianjin2 Oct
- Mineral Sumire$40.88/tonne· ClassicTubaraoQingdao2 Oct
- Kline TBN$16/t· OldendorffSeven IslandsRotterdam11 Sept
- Cape India$41.88/t· ClassicTubaraoQingdao11 Sept
- Cape Victory$19.05/t· PanoceanPort HedlandQingdao11 Sept
- TBN$17.75/t· Rio TintoDampierQingdao11 Sept
How this index is computed
Daily $/day time-charter equivalent across the standard capesize route basket, averaged from reported charter fixtures and converted to a single index point. Published each business day; non-publishing days simply have no point (weekends and holidays legitimately lag).