# Fragility trumps confidence in dry bulk - Splash247

> Capesize dry bulk rates collapsed in October, with the BCI down about 47% month-to-date after rising 18% in September. Freight from Brazil to China fell 25% and Australia-China iron ore freight dropped 23%, with Panamax coal routes also weakening.

- Date: 2024-10-29 · published 2024-10-29T12:00:00.000Z
- Category: logistics · region China · magnitude medium
- Page: https://feedsoft.ai/events/28061-fragility-trumps-confidence-in-dry-bulk-splash247
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weak Chinese demand for iron ore and coal is cutting seaborne freight earnings, which reduces shipping costs for bulk grains and oilseeds only indirectly; the main effect is on freight-linked logistics costs for feed importers.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- splash247.com: https://splash247.com/fragility-trumps-confidence-in-dry-bulk/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.