# Will dry bulk remain the ‘Wile E. Coyote’ of ocean shipping?

> A FreightWaves analysis says dry bulk has struggled for a decade, and Evercore ISI's Jon Chappell expects 2020 to be another loss-making year. Capesize rates are seeing a seasonal upturn but remain below breakeven. The piece cites the 2019 Brumadinho dam collapse in Brazil and the resulting cut in Vale iron ore exports as a setback.

- Date: 2020-04-20 · published 2020-04-20T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/53846-will-dry-bulk-remain-the-wile-e-coyote-of-ocean-shipping
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Persistently weak Capesize earnings keep ocean freight costs for bulk commodities low, which limits pressure on delivered feed ingredient prices.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- freightwaves.com: https://freightwaves.com/news/will-dry-bulk-remain-the-wile-e-coyote-of-ocean-shipping

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