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Asian dry bulk shipping has found support from robust coal demand from Vietnam and China and plentiful iron ore flows to China. Grain and fertilizer flows to major Asian consumers have continued largely normally despite pandemic operational hurdles.
Steady grain and fertilizer flows to Asia support freight demand and keep feed import logistics functioning, though coal and iron ore drive most of the dry bulk strength.
spglobal.comSambit Mohanty, Pradeep RajanMay 28, 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.
