# Dry bulk freight rates at three-year low - S&P Global Platts - Invesco Shipping ETF (NYSEARCA:SEA) - Supply Chain Council of European Union | Scceu.org

> S&P Global Platts reported that time charter equivalent rates for capesize, panamax and supramax vessels in the first week of 2020 were far below levels from the same period over the past three years. The Baltic Dry Index fell to a nine-month low on shrinking demand across all vessel classes. Rates fell despite expectations that IMO 2020 fuel rules would lift freight.

- Date: 2020-01-13 · published 2020-01-13T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/55283-dry-bulk-freight-rates-at-three-year-low-s-and-p-global-platts-invesco-shipping
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weak dry bulk rates lower the cost of shipping grain and oilseeds, which supports export competitiveness for origins. The slump reflects reduced cargo flows, so it is a bearish signal for ocean freight.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- scceu.org: https://scceu.org/dry-bulk-freight-rates-at-three-year-low-sp-global-platts-invesco-shipping-etf-nysearcasea/

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