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Dry bulk freight remained quiet in the week of June 25 with minimal physical activity in the Capesize market. The Capesize 5 time charter average fell to $16,070 by June 27, while Panamax rose slightly to $10,642.
Lower capesize earnings reflect thin cargo demand and trade-tension worries, while Panamax firmness supports grain freight costs. Feed buyers face modest freight swings with no decisive trend.
seatrade-maritime.comMarcus HandJun 29, 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.
