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Dry bulk shipping faces uncertainty as Chinese import growth weakens and cargo volumes fall in early 2019. Supramax, Panamax and Handysize earnings were around $6,000 per day at the end of January, well below breakeven.
Brazilian soybean export season is cited as a potential source of future support.
Weak bulk freight demand keeps ocean grain freight cheap, which narrows the cost gap for importers. Upcoming Brazilian soybean exports could support freight later in the year if demand materializes.
maritimes.grdevdigihartFeb 21, 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.
