# Dry-bulk derivatives are flashing red on world economy - FreightWaves

> Forward freight agreements for Capesize and Panamax dry bulk vessels fell sharply on March 16, with the April-December Capesize contract down 12% to $10,778 per day and the 2021 Capesize contract down from $14,000 at the end of February. Star Bulk executives argued demand would recover soon after the virus peaks.

- Date: 2020-03-16 · published 2020-03-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/54303-dry-bulk-derivatives-are-flashing-red-on-world-economy-freightwaves
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Falling FFA curves signal market pessimism about bulk shipping demand through 2022, which tends to keep ocean grain freight rates under pressure. Lower freight supports grain export competitiveness but reflects weaker global industrial activity.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- freightwaves.com: https://www.freightwaves.com/news/dry-bulk-derivatives-are-flashing-red-on-world-economy

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