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China's government effort to curb coal and lignite imports in November and December 2018 is reducing cargo demand for Panamax bulk vessels. Freight rates for these ships are falling as a result.
Lower Panamax rates raise the cost of trust-bulk grain and soybean shipments only indirectly, but weaker dry bulk demand signals softer freight costs for feed ingredients moving on Panamax vessels.
worldcargonews.comWCN EditorialJan 3, 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.
