# Solid Week For Dry Bulk Market Last Week, But Fleet Continues to Grow — Breakwave Advisors

> Commodore Research reports that dry bulk rates were mixed in the week ending September 19, with Capesize falling 8% to an average of $25,620 per day and Panamax rising 10% to $12,849 per day. Chinese coastal coal freight rose by the largest amount since early July, and Vale raised its 2024 iron ore production guidance.

- Date: 2024-09-19 · published 2024-09-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/28515-solid-week-for-dry-bulk-market-last-week-but-fleet-continues-to-grow-breakwave
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Mixed freight moves show no clear trend in ocean costs, so the net effect on feed import landed prices is limited, though the Panamax rebound signals firmer grain freight demand.

## Read by commodity

- OCEANFRT: neutral

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2024/9/19/solid-week-for-dry-bulk-market-last-week-but-fleet-continues-to-grow

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