# Capesize and panamax bulkers tread water in ‘lethargic’ Pacific basin

> Capesize and Panamax dry bulk markets were flat in the Pacific basin during the week. The average spot rate for the C8 roundtrip voyage between Brazil and Europe rose 50% since the previous Friday to more than $20,000 per day.

- Date: 2022-09-30 · published 2022-09-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/39784-capesize-and-panamax-bulkers-tread-water-in-lethargic-pacific-basin
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

The jump on the Brazil-Europe route reflects stronger demand for Brazilian grain and commodity cargoes, supporting ocean freight costs on that lane even as the broader market stayed weak.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- tradewindsnews.com: https://www.tradewindsnews.com/bulkers/capesize-and-panamax-bulkers-tread-water-in-lethargic-pacific-basin/2-1-1324492

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