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Capesize rates slipped while panamax, supramax and handysize vessels continued a gradual upward trend. The article reports the segment divergence in dry bulk freight.
Coverage is limited to the rate movements by vessel class.
Mixed moves across vessel classes leave the overall ocean freight direction unclear. Panamax strength supports grain shipping costs, while capesize weakness reflects softer iron ore and coal demand.
tradewindsnews.comMichael JulianoFeb 24, 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.
