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Maritime Strategies International says the dry bulk fleet grew 15% since 2018 while cargo volume grew only 2.9%, with port congestion from COVID having been the main support for freight rates. The article looks at how the supply-demand gap is shaping shipping costs.
Excess bulk capacity points to continued downward pressure on freight costs for grain and feed ingredient shipments unless congestion returns.
world-grain.comMichael KingJan 19, 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.
