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Analysts say carriers are struggling to recover the cost of the low-sulfur fuel cap through freight rates, with rate increases in contract and spot markets falling short of covering higher operating costs. The recent rate rise was seen as mostly seasonal.
Carriers absorbing compliance costs may push for further rate increases, which would raise ocean freight costs for grain and feed exports. Limited recovery suggests freight rates could remain under pressure rather than surge.
joc.comGreg Knowler, Senior Editor Europe }Jan 30, 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.
