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Handysize, supramax and panamax vessels are earning more per day than capesizes, an unusual inversion in Q1 2021. A capesize was booked for a grain cargo, which Breakwave Advisors said rarely happens.
Dry bulk equities rallied strongly year to date.
The rate inversion shows tight supply for smaller bulkers that carry most grain, pushing up freight costs for feed grain exports. Analysts see tightness continuing as seasonal headwinds ease.
freightwaves.comGreg MillerMar 2, 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.
