Loading…
The Baltic Dry Index fell 3.5% to 4,257 on Oct 25, its lowest in over a month, as capesize rates dropped 6.8%. Panamax rates edged up to their highest in over 11 years.
Analysts said port congestion and market sentiment were supporting capesize rates despite soft Chinese coal and iron ore imports.
Mixed segment moves leave grain-relevant panamax freight near multi-year highs, so ocean freight costs for feed grains stay elevated. The capesize pullback suggests some easing in the broader freight market.
gcaptain.comReutersOct 25, 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.
