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BIMCO analysis reports Handysize, Supramax and Panamax freight rates up 25-27 percent year over year in the first four months of 2018. Capesize rates rose only 5 percent and remained below break-even at $12,660 per day, with weak Q1 iron ore sales dragging capesize earnings.
Stronger panamax and supramax earnings raise the cost of shipping grain and feed ingredients, supporting delivered feed prices. The article is a retrospective analysis with limited immediate price impact.
marinelink.comPeter Sand, BIMCO Chief Shipping AnalystJun 1, 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.
