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Signal Ocean reports dry bulk tonne-days hit record highs in 2025, up about 4% year on year, driven mainly by long-haul iron ore trade. Brazil–China Capesize rates peaked near $26/ton on December 3 and were holding around $24/ton into the holidays.
Freight momentum on Brazil–China and South Africa–China routes points to a firmer year-end tone.
Firm Capesize rates raise the cost of bulk grain and oilseed shipments from South America, supporting delivered prices for importers. The effect on grain freight is indirect because iron ore drives most of the demand.
airfreight.newsDec 24, 2025Not 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.
