# Dry Bulk Market: Capesizes Gain Ground - Maritimes

> Capesize timecharter average fell 20% over the week to $13,956 as activity rose but rates slid under downward pressure. Panamax market softened further, with P1A route rates in the $8,000s and Indonesia demand absorbed by smaller tonnage around $5,000.

- Date: 2023-05-29 · published 2023-05-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/36119-dry-bulk-market-capesizes-gain-ground-maritimes
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Sharp freight declines lower the cost of moving bulk commodities, though they also point to weaker shipping demand that can pressure ocean freight-linked feed ingredient prices.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- maritimes.gr: https://maritimes.gr/en/dry-bulk-market-capesizes-gain-ground/

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