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Dry bulk activity slowed in the week to May 24, 2018, after five weeks of rising Capesize rates ended. Panamax rates held steady on Australian and Indonesian cargoes, while supramax demand was mixed between the Pacific and Atlantic.
Chinese buyers continued acquiring older supramaxes, including a 15-vessel Songa Bulk fleet deal by Star Bulk.
Softer Capesize and steady Panamax rates point to firm but not rising ocean grain freight costs, which keeps export-to-buyer costs stable for feed importers.
splash247.comJason JiangMay 24, 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.
