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S&P Global reports average Q3 2023 dry bulk earnings were weaker than Q3 2022 across Capesize, Panamax and Supramax segments. Analysts expect Q4 gains, supported by rising coal restocking orders and Atlantic port congestion pushing up Pacific rates.
Chinese demand weakness remains the main drag on freight.
Expected Q4 freight recovery would raise shipping costs for grain and meal cargoes, though weak Chinese demand limits the upside.
spglobal.comOct 9, 2023Not 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.
