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Capesize rates were volatile during the week of April 29 to May 3, falling back to the mid-$6 range on the West Australia to China route after a brief spike. Panamax rates held up despite holidays, with South American ballasters and longer grain voyages supporting the market.
Cyclone Fani disrupted operations on India's east coast.
Volatile freight rates raise shipping cost uncertainty for feed grain and ingredient importers. The Panamax support from South America and grain voyages keeps the broader freight level firm.
services.naftemporiki.grNaftemporikiMay 6, 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.
