Loading…
Capesize dry bulk market was uneventful in the week, with holidays in Asia limiting activity and West Australia to China volumes relatively low. Panamax rates slipped steadily across routes, with a Santos to China fixture reported at $42.75 fio and Indonesian coal trips easing from about $13,500 to $12,500.
Freight rate softness reflects weak near-term demand for bulk shipping, which can lower delivered costs for imported feed ingredients but signals limited support for grain shipments.
balticexchange.comMay 5, 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.
