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Signal Ocean's weekly monitor reports that Capesize ballast speeds rose in September on firmer freight rates, while other dry vessel classes kept a downward trend. Tight vessel availability supported the Brazil-to-China Capesize route, and iron ore futures in Dalian jumped after new Chinese stimulus measures.
Tighter Capesize availability on the Brazil-to-China route tends to lift ocean freight costs for bulk exports, which feeds into landed soybean and grain prices for Chinese buyers.
airfreight.newsSep 26, 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.
