# Braemar Weekly Dry Bulk Report  — Breakwave Advisors

> Panamax rates have fallen 31% since the start of 2023 as the market moves past the Far East holiday period. Indonesian coal shipments were strong in January, though Chinese liftings were lower year on year, and forward freight prices point to a reversal of the panamax premium over capesizes later in the year.

- Date: 2023-02-07 · published 2023-02-07T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/37534-braemar-weekly-dry-bulk-report-breakwave-advisors
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weaker panamax rates early in the year lower near-term grain freight costs, but the forward curve signals that bulk freight costs may rise in the second half.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2023/2/7/the-big-picture-panamax-market

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