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MID-SHIP reports that the Cape market continues to soften in both basins amid weak Chinese dry bulk demand, while the Panamax time charter average holds near $12,000 per day. The Supramax segment appears to have stabilized, with Trans-Atlantic rates lifted by grain exports from East Coast South America.
Stable Panamax rates and firmer Supramax demand from South American grain exports point to steady ocean freight costs for feed grain shipments, with Brazilian soybean flows to China a supporting factor.
midship.comFrankMay 7, 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.
