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Dry bulk shipping profits reached multi-year highs, with Capesize earnings above $50,000 per day and time charter rates doubling or more since the start of 2021. Analysts tied the strength to port delays and sustained demand.
Tight vessel supply and high charter rates keep ocean freight elevated, which raises the delivered cost of imported feed grains.
freightnews.co.zaIngrid du BuissonSep 29, 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.
