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BRS Shipbrokers' weekly dry bulk roundup says iron ore softened on macro concerns while Brazil-China capesize rates climbed to $18.50-$19.20/mt. Coal demand was weak, with March shipments to China down 9% y-o-y, but tight Southeast Asian tonnage kept Ultramax fixtures firm.
Panamax transatlantic rates rose to about $11,000/day as grain flows picked up after tariff concerns eased.
Firmer grain-related freight and easing tariff worries support ocean freight costs for feed importers. Weak coal and iron ore demand limits the broader bulk rally.
brsshipbrokers.comApr 30, 2025Not enough comparable past events yet for a historical read.
Not 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.
