# Dry Bulk Market Looks Dull

> Global dry bulk fleet utilization dropped to 85.8% in Q4 2018 from 87.2% in Q3, as tonne-mile demand growth was offset by fleet expansion. Capesize freight rates declined from the prior quarter, while Panamax and Supramax were roughly flat. The fleet orderbook stands at about 11.5% of capacity on the water.

- Date: 2019-02-20 · published 2019-02-20T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/60801-dry-bulk-market-looks-dull
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Excess fleet capacity keeps ocean freight rates under pressure, lowering the cost of moving feed grains and meals. The large orderbook suggests weak freight conditions could persist into 2019.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- marinelink.com: https://www.marinelink.com/news/dry-bulk-market-looks-dull-463067

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