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Pacific Basin says dry bulk markets are strengthening, citing demand from higher commodity volumes and tighter supply from IMO 2020 low-sulfur fuel rules that encourage slower sailing. Handysize and supramax spot rates rose sharply in the third quarter to multi-year highs.
Firmer dry-bulk rates driven by grain demand and fleet slowdown raise ocean freight costs for feed ingredient imports, supporting landed prices.
freightwaves.comFreightWaves StaffOct 17, 2019Not 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.
