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The Baltic Dry Index closed the week of November 22 at 1,537 points with all vessel segments lower. Panamax earnings fell to their lowest since August 2023, and Atlantic Panamax rates dropped further.
Falling dry bulk rates reflect soft grain and coal demand, lowering freight costs for feed grain imports but signaling weak trade volumes.
breakwaveadvisors.comDoricNov 25, 2024Not 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.
