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Splash247 reports that Banchero Costa research head Ralph Leszczynski told the Maritime CEO Forum in Singapore that dry bulk will stay difficult through 2019. He cited a series of disasters at miners, including Vale's problems, as black swans, and expects rates to improve in the second half but not to exceed 2018 levels for the year.
A slow recovery in dry bulk rates keeps ocean freight costs subdued for grain and oilseed exporters through 2019, which supports moderate import costs for feed buyers.
splash247.comSplashApr 15, 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.
