# Dry bulk FFA market: Capesizes dragged down by cargo shortage

> Seatrade Maritime reports on April 4, 2019 that capesize freight rates were pushed lower by a shortage of fresh cargoes from Australia and Brazil. Cyclone Veronica disrupted Western Australian iron ore shipments, and Vale's Brazilian operations were still restarting after the Brumadinho dam collapse.

- Date: 2019-04-04 · published 2019-04-04T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/59788-dry-bulk-ffa-market-capesizes-dragged-down-by-cargo-shortage
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Iron ore supply disruptions weigh on capesize demand and freight rates. The effect on grain freight is indirect, since the cargo shortage is concentrated in bulk ore trades.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/cargo/dry-bulk-ffa-market-capesizes-dragged-down-by-cargo-shortage

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