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Dry bulk fleet growth in January 2018 was the lowest for that month this decade, with about 60 newbuilding deliveries and a net addition of about 50 vessels after scrapping. Future monthly net additions were forecast at five to 25 vessels for the rest of 2018.
Slower fleet growth tightens available bulk tonnage, which supports freight rates for grain and oilseed shipments.
Not 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.