# Dry bulk FFA market: Cyclone scare looms over freight rates

> Capesize freight derivatives were lifted by speculation over Vale restarting Brazilian mining operations, while Cyclone Veronica threatened Pilbara ports. Port Hedland and Dampier closed terminals with about 9m tonnes of iron ore shipments estimated disrupted.

- Date: 2019-03-22 · published 2019-03-22T12:00:00.000Z
- Category: logistics · region Australia · magnitude low
- Page: https://feedsoft.ai/events/60299-dry-bulk-ffa-market-cyclone-scare-looms-over-freight-rates
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Freight market swings from cyclones and mining restarts affect shipping costs but have limited direct impact on feed commodity prices.

## Read by commodity

- OCEANFRT: neutral

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/dry-bulk/dry-bulk-ffa-market-cyclone-scare-looms-over-freight-rates

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