# Dry bulk owners will be satisfied with 2022 - Splash247

> The Baltic Dry Index is on track for one of its largest annual falls on record, down 33% year to date, after falling 29% in November to 1,292 on November 25. Capesize earnings fell 36% in the first 25 days of November, with weakness linked to Chinese COVID lockdowns and protests.

- Date: 2022-11-29 · published 2022-11-29T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/38881-dry-bulk-owners-will-be-satisfied-with-2022-splash247
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weak dry bulk demand from China signals reduced industrial and commodity import appetite, and high freight costs earlier in the year have eased, lowering shipping costs for feed grain exports.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- splash247.com: https://splash247.com/dry-bulk-owners-will-be-satisfied-with-2022/

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