# Asia Pacific Panamax, Supramax TCEs nosedive on China slowdown

> Kamsarmax and Supramax dry bulk freight rates fell sharply in January 2019, with TCE rates down about 40-44% from October averages. The decline is tied to a slowdown in China and a turbulent start to the year. Rates are now near levels last seen in mid-2017.

- Date: 2019-02-01 · published 2019-02-01T12:00:00.000Z
- Category: logistics · region Asia Pacific · magnitude medium
- Page: https://feedsoft.ai/events/60798-asia-pacific-panamax-supramax-tces-nosedive-on-china-slowdown
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower ocean freight costs reduce landed costs for grain, meal and other bulk feed ingredients moving to Asia. Weaker tonne-mile demand from China is bearish for freight pricing.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/pt/market-insights/latest-news/shipping/020119-asia-pacific-panamax-supramax-tces-nosedive-on-china-slowdown

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