# BIMCO: Capesize Segment Has Been Hit Hardest by Coronavirus | World Maritime News

> BIMCO reports the Capesize dry bulk segment has been hit hardest by coronavirus, with the Baltic Capesize index entering negative territory for the first time and average earnings around USD 2,542 per day on March 6. Smaller segments Panamax, Supramax and Handysize are climbing out of loss-making rates, helped by strong early-year Argentine grain exports of 6.2 million tonnes in January, up 34% year on year.

- Date: 2020-03-11 · published 2020-03-11T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/54302-bimco-capesize-segment-has-been-hit-hardest-by-coronavirus-world-maritime-news
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weak Capesize earnings signal soft bulk shipping demand, while firmer Panamax and Supramax rates support grain freight costs for South American exports. Freight movements feed into landed feed ingredient costs for buyers.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- worldmaritimenews.com: https://worldmaritimenews.com/archives/292342/bimco-capesize-segment-has-been-hit-hardest-by-coronavirus/

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