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ShippingWatch reports a significant rise in spot rates for the largest dry bulk vessels in the week to April 26, 2019. The increase followed the reopening of a Vale mine in Brazil and heavy activity in the Pacific.
Higher capesize rates come mainly from iron ore flows, so the effect on grain freight is small and temporary unless bulk demand broadens.
shippingwatch.comApr 29, 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.
