# Dry bulk shipping sees falling freight rates | CemNet

> BIMCO data show dry bulk freight rates for panamax and handysize vessels fell in the first two months of 2020 to $3,535 and $3,502 per day. Seasonal weakness, higher fuel costs after the IMO 2020 sulphur cap, and coronavirus disruption to Chinese imports all weighed on earnings. Fleet growth is forecast to outpace demand growth through 2020.

- Date: 2020-02-27 · published 2020-02-27T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/54787-dry-bulk-shipping-sees-falling-freight-rates-cemnet
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A weakening demand-supply balance points to lower ocean freight rates, which reduces landed costs for imported feed ingredients and grain. Lower freight costs can partly offset commodity price strength for buyers.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- cemnet.com: https://www.cemnet.com/News/story/168399/dry-bulk-shipping-sees-falling-freight-rates.html

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