# Weekly Broker: Dry bulk activity falls in line with diminished freight rates - Splash247

> 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.

- Date: 2018-05-24 · published 2018-05-24T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/65201-weekly-broker-dry-bulk-activity-falls-in-line-with-diminished-freight-rates
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: neutral

## Sources

- splash247.com: https://splash247.com/weekly-broker-dry-bulk-activity-falls-line-diminished-freight-rates/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.