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Breakwave Advisors says June was a record month for dry bulk freight, with Capesize rates rising sharply and Panamax and Supramax rates catching up. It describes the recent Capesize pullback as a healthy correction and says the drivers behind the rally remain intact.
The commentary reflects strong dry bulk freight momentum that raises shipping costs for bulk commodities, though it is investor-focused and does not add a new supply or demand shock.
breakwaveadvisors.comNoviseaJul 12, 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.
