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The Baltic Panamax index rose 84 points, or 2.7%, to 3,212, its eleventh straight session of gains. Average daily panamax earnings increased by $750 to $28,904 on stronger demand across vessel sizes.
Rising Panamax earnings signal tighter bulk capacity, which raises the cost of moving grain and soybeans and supports freight-driven price pressure.
reuters.comDec 6, 2021Not 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.
