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Capesize rates rose steadily through the week of 3-7 June, with the Cape 5TC climbing from $12,987 to $15,007. Panamax rates held up in the Pacific but softened in the Atlantic as fresh transatlantic stems were lacking.
Stronger Capesize rates increase ocean freight costs for bulk grain and ingredient shipments, while softer Panamax rates partly offset this for some routes.
businesstimes.com.sgJun 9, 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.
