Loading…
A TSG report says dry bulk freight had a surprisingly strong first half of 2021, with grains and coal driving multi-year highs in rates and earnings. The Supramax index hit its highest level in ten years on June 18, with average time-charter earnings above $30,000 per day.
Strong Supramax earnings reflect robust grain and oilseed shipment demand, which lifts ocean freight costs on feed ingredient trades. Expectations of steady rates into Q3 suggest freight will remain a firm cost element for feed importers.
thesignalgroup.comSignal OceanJun 24, 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.
