# Baltic Exchange Shipping Insights - The Business Times

> Baltic Exchange data for the week to February 25 shows Capesize rates rising early, then falling sharply after events in Ukraine, with the 5TC closing at $14,026 from a $18,181 high. Panamax demand stayed firm on strong mineral and grain demand from South America. Owners are halting or rerouting vessels on some routes due to war risk.

- Date: 2022-02-25 · published 2022-02-25T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/42909-baltic-exchange-shipping-insights-the-business-times
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

War-risk rerouting and higher fuel costs are pushing freight rates lower on some routes, while grain-related Panamax demand from South America supports the segment and feeds through to feed ingredient landed costs.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/transport-logistics/baltic-exchange-insights/baltic-exchange-shipping-183

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