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Capesize dry-bulk freight rates rebounded to around $20,000 per day in early July, with the Capesize 5 time charter posting $22,847 after a daily gain. Panamax paper came under pressure amid cautious trading, and Asia-Pacific and Atlantic routes diverged.
Capesize strength raises ocean freight costs for bulk grain and soybean cargoes, although the sector is mainly driven by iron ore and coal rather than farm trade.
seatrade-maritime.comMarcus HandJul 5, 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.
