# Dry Bulk report

> The Baltic Panamax Index rose above $10,000 in the week of May 13 to 17, driven by South American demand for Kamsarmax vessels. Capesize rates held in a generally upward trend, and Vale warned that another Brazilian dam was at risk of rupture. The mine involved has been inactive since 2016.

- Date: 2019-05-19 · published 2019-05-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/59279-dry-bulk-report
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Firmer Panamax and Capesize rates raise bulk freight costs on South American grain and oilseed routes. The dam warning has limited direct effect on iron ore flows because the mine is already idle.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- naftemporiki.gr: https://www.naftemporiki.gr/maritime/359257/dry-bulk-report-11/

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