# Can the sub-Panamax sector recover as strongly as Capesizes?

> 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.

- Date: 2020-08-04 · published 2020-08-04T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/51500-can-the-sub-panamax-sector-recover-as-strongly-as-capesizes
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: neutral

## Sources

- spglobal.com: https://www.spglobal.com/marketintelligence/en/mi/research-analysis/can-the-subpanamax-sector-recover-as-strongly-as-capesizes.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.