# MID-SHIP Report: Dry Bulk Freight Market - Oct 31, 2024 - MID-SHIP Group

> Capesize and Panamax freight rates fell sharply in the past two weeks on weak sentiment about China, with Capesize front-haul dropping from about $44,000 to $35,000 per day. The Panamax time charter average is down 50% from its March 2024 peak, while Supramax rates held relatively stable.

- Date: 2024-10-31 · published 2024-10-31T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/28063-mid-ship-report-dry-bulk-freight-market-oct-31-2024-mid-ship-group
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower Panamax and Capesize costs reduce ocean freight for grain and meal cargoes, though sustained weakness reflects soft Chinese import demand that could weigh on feed commodity prices.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- midship.com: https://midship.com/mid-ship-report-dry-bulk-freight-market-oct-31-2024/

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