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Dry bulk shipping is recovering after a weak decade, with Larger bulk ship earnings running at about four times last year's levels. EuroDry's CEO said January rates are the highest in a decade, which is unusual for a typically slow month.
Strong dry bulk demand lifts ocean freight costs for grain and feed raw material shipments, which can pass through to import prices for feed buyers.
freightwaves.comGreg MillerJan 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.
