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S&P Global analysis notes the dry bulk market is currently driven by Capesize vessels, with C5TC rising above $30,000 per day in early July from about $3,000 a month earlier. Panamax and Supramax rates rose with Capesizes and then eased toward the end of July.
Freight rate swings in the larger vessel classes affect delivered costs for Brazilian and other bulk grain and meal cargoes, but this is a market analysis of the freight cycle rather than a new shock.
spglobal.comAug 4, 2020Not 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.
