# Drybulk shipping Q3 outlook: COVID-19 resurgence tempers Q3 optimism - Supply Chain Council of European Union | Scceu.org

> Dry-bulk freight rates recovered to 2020 highs in early July, with Cape and Kamsarmax rates well above their May lows. Iron ore demand from China and miners maximising throughput drove the gains. Analysts expect a softer Q3 as a second COVID-19 wave threatens demand.

- Date: 2020-07-17 · published 2020-07-17T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/52022-drybulk-shipping-q3-outlook-covid-19-resurgence-tempers-q3-optimism-supply
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Freight strength tied to iron ore may persist, but a demand slowdown would ease the cost of moving grain and oilseeds.

## Read by commodity

- OCEANFRT: neutral

## Sources

- scceu.org: https://scceu.org/drybulk-shipping-q3-outlook-covid-19-resurgence-tempers-q3-optimism/

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