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Capesize freight rates were largely flat to lower in the week to September 21, with the Capesize 5 time charter average at $15,492 on Wednesday. Typhoon Mangkhut hitting Hong Kong and South China caused only minor vessel delays and did not tighten supply.
Persistent vessel oversupply keeps dry bulk freight rates subdued, which limits upward pressure on delivered feed grain and meal costs into Asia.
seatrade-maritime.comMarcus HandSep 21, 2018Not 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.
