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Dry bulk freight rates weakened during the week of March 17, 2018, with Capesize contracts all lower and the 5 Time Charter Average falling to $9,869 on Thursday. Thin Atlantic activity and tonnage oversupply were the main pressures.
Lower bulk freight rates reduce the ocean transport cost of grain and oilseed cargoes, which can ease landed feed costs for importers.
seatrade-maritime.comMarcus HandMar 17, 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.
