# Panamax rates tick up amid down dry bulk market

> Panamax bulk freight rates rose over the two days before January 16, 2020, even as the broader dry bulk market remained weak. The article cites Agritrade Resources' 73,200-dwt panamax vessel as an example of the market.

- Date: 2020-01-16 · published 2020-01-16T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/55282-panamax-rates-tick-up-amid-down-dry-bulk-market
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Firmer panamax rates raise the cost of moving grains and oilseeds on the Atlantic and Pacific routes. The move is small against a weak overall dry bulk market, so the price effect on feed ingredients is limited.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- tradewindsnews.com: https://www.tradewindsnews.com/bulkers/panamax-rates-tick-up-amid-down-dry-bulk-market/2-1-739391

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