# Dry Bulk Market: Capesize Market Reaches New Highs - Maritimes

> The capesize 5TC index reached $29,641, a new high for 2020, after tight tonnage supply in the Atlantic pushed rates higher. Brazil-to-China and Australia-to-China iron ore routes also firmed, and Panamax rates rose in the North Atlantic.

- Date: 2020-06-29 · published 2020-06-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/52817-dry-bulk-market-capesize-market-reaches-new-highs-maritimes
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Stronger capesize and Panamax rates lift ocean freight costs for grain and oilseed cargoes, adding to feed import costs. The rise is driven mainly by tonnage tightness and iron ore demand rather than grain flows.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- maritimes.gr: https://maritimes.gr/en/dry-bulk-market-capesize-market-reaches-new-highs/

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