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Britishbulk, citing Allied Shipbroking, says dry bulk rates remain above year-earlier levels despite a downward correction over the past month. Allied expects further softening before year-end, with the market also reacting to lukewarm U.S.-China trade talk results.
Expected softening in dry-bulk rates would lower ocean freight costs for grain and meal shipments, though demand could still support the market.
britishbulk.ukOct 26, 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.
