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Analysts describe dry bulk shipping as in a strong upcycle, with spot Capesize rates averaging $28,800 per day, up 48% month on month. Panamax and Supramax rates are off February highs but still more than double their five-year averages.
Vessel supply growth has remained restrained.
Sustained high dry bulk freight rates signal strong commodity demand but raise shipping costs for grain and feed ingredient cargoes.
freightwaves.comGreg MillerApr 19, 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.
