# Boxes bounce back, VLGCs and Capes up - FreightWaves

> Capesize freight rates recovered in early June after falling to near all-time lows below $4,000 per day in Q1 2019 following the Vale dam accident. Spot Capes were earning about $14,000 per day, and Vale's iron ore exports rose to around 5 million tons per week in May and early June.

- Date: 2019-06-04 · published 2019-06-04T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/58802-boxes-bounce-back-vlgcs-and-capes-up-freightwaves
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Recovering Capesize earnings raise ocean freight costs for bulk cargoes, and rising Vale exports point to firmer shipping demand.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- freightwaves.com: https://www.freightwaves.com/news/ocean-rate-report-boxes-bounce-back-vlgcs-and-capes-up

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