# Dry Bulk Market: Capesizes Face Further Pressure | Hellenic Shipping News Worldwide

> Capesize rates fell $3,502 week on week to $9,305 by November 18, with Transatlantic and Transpacific routes both weaker. Panamax rates were also under pressure, with minor corrections and a negative tone, despite news of extended Ukraine grain exports.

- Date: 2022-11-21 · published 2022-11-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/38883-dry-bulk-market-capesizes-face-further-pressure-hellenic-shipping-news-worldwide
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Falling capesize and panamax rates lower bulk freight costs for grain and oilseed shipments, but the weak tone reflects soft Chinese and global demand that may weigh on overall trade volumes.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- hellenicshippingnews.com: https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-face-further-pressure/

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