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The capesize market traded in a narrow range in the week to March 4, 2022, settling at $13,560. Panamax demand was mixed, with Asian coal and grain fixtures supporting the market while Black Sea-linked ships were redeployed.
Trade from the Black Sea region remains in limbo as owners avoid it.
Loss of Black Sea grain shipping capacity tightens tonnage and supports freight rates for other grain routes. Ocean freight costs remain a key component of imported feed ingredient prices.
balticexchange.comMar 4, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
