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Capesize rates held near the mid-$13 range on Brazil-China routes in mid-February, with some support from charterers replacing Vale cargoes. Higher bunker prices limited owner returns, and Panamax rates were mixed with some improvement in the Pacific.
Period rates for Capesize continued to slide.
Reduced Brazilian iron ore and grain exports weigh on dry bulk demand, keeping freight rates soft. Lower freight costs are modestly favorable for importers of feed ingredients.
services.naftemporiki.grNaftemporikiFeb 17, 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.
