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The Baltic Exchange weekly dry bulk report for week 43 shows Capesize rates falling steadily, with the 5TC down to US$15,395. Panamax rates also declined, with the P5TC reaching US$10,945 by Friday amid growing tonnage lists.
Softer dry bulk rates signal weaker freight demand and lower ocean grain freight costs for feed ingredient imports and exports.
drybulkmagazine.comAlfred HamerOct 28, 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.
