# Baltic Exchange Shipping Insights - The Business Times

> Capesize rates fell sharply during the week, closing at $24,916 per day after opening at $30,169, with the Atlantic premium over the Pacific largely erased. The Panamax BPI dropped below 2,000 to end at 1,804.

- Date: 2019-09-29 · published 2019-09-29T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/57264-baltic-exchange-shipping-insights-the-business-times
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A sharp fall in Capesize and Panamax rates lowers ocean freight costs for grain and feed ingredient cargoes, easing delivered prices for buyers.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/transport-logistics/baltic-exchange-insights/baltic-exchange-shipping-119

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