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The Baltic Exchange weekly bulk report for week 44 describes capesize rates falling 8,866 points week-on-week to close at $27,199 per day, with a modest firming later in the week. Panamax values saw sharp corrections, with older vessels fixing below $20,000 on shorter trips.
Weakening capesize and panamax earnings lower the cost of moving bulk grain cargoes, supporting lower freight-inclusive import costs. The sustained losses reflect softer demand in key basins.
balticexchange.comNov 5, 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.
