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Capesize 5TC rates rose $4,068 week on week to $13,373 by November 25, supported by Atlantic demand that spread to Pacific routes. Rates remain low for the time of year and well below owner expectations.
A partial rebound in capesize rates modestly raises bulk shipping costs, though the market remains weak relative to recent history and seasonal norms.
worldports.orgNov 27, 2022Not 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.
