# Capesize rates grow nearly 40 percent in a week

> 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.

- Date: 2019-04-29 · published 2019-04-29T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/59787-capesize-rates-grow-nearly-40-percent-in-a-week
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher capesize rates come mainly from iron ore flows, so the effect on grain freight is small and temporary unless bulk demand broadens.

## Read by commodity

- OCEANFRT: neutral

## Sources

- shippingwatch.com: https://shippingwatch.com/carriers/Bulk/article11345430.ece

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