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Capesize dry bulk rates rose to new highs for the year, with the C5TC gaining $4,805 over the week to $37,538. Atlantic routes strengthened, with the transatlantic up $8,900 to $32,150 on fixtures including grain and mineral trips.
Panamax was flat as Asian holidays offset positive fundamentals.
Freight rate strength raises shipping costs for grain and feed ingredient cargoes, particularly Brazil and US Gulf routes, which can narrow FOB-to-delivered spreads for feed buyers.
hellenicshippingnews.comhellenicshippingnews...May 23, 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.
