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Dry bulk freight rates held firm through late September, with gains in Capesize West Australia to China and Panamax Far East routes. Coal volumes from India supported sentiment, though September was expected to finish slower than August's peak.
Firm dry bulk rates keep ocean freight costs elevated for grain and oilseed cargoes, and a possible winter pickup in Panamax and Supramax demand could extend that pressure into Q4.
breakwaveadvisors.comSignal OceanSep 27, 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.
