# Signal Dry Bulk Weekly Report — Breakwave Advisors

> Signal Ocean reports a sharp recovery in capesize ton-days from West Africa to China, which lifted rates in Q2. Smaller vessels struggled to hold rates, and uncertainty over extending the Black Sea Grain Initiative into July added to market uncertainty.

- Date: 2023-06-21 · published 2023-06-21T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/35710-signal-dry-bulk-weekly-report-breakwave-advisors
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Uncertainty over the Black Sea grain deal could disrupt grain shipping and freight pricing if it lapses. Stronger capesize demand supports bulk freight rates generally.

## Read by commodity

- OCEANFRT: neutral

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2023/6/21/signal-dry-bulk-weekly-report

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