# Dry bulk FFA market: Cyclone-scare looms over freight market

> Capesize freight paper saw profit-taking and a short-lived bounce in the week to 12 January 2018, with Jan contracts moving from a low of $16,800 to $17,200 per day. Tropical Cyclone Joyce, upgraded to category three, prompted Pilbara Ports Authority to order vessels to clear Port Hedland by 6:30 pm on 11 January.

- Date: 2018-01-12 · published 2018-01-12T12:00:00.000Z
- Category: logistics · region Australia · magnitude low
- Page: https://feedsoft.ai/events/67173-dry-bulk-ffa-market-cyclone-scare-looms-over-freight-market
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Cyclone-related port closures at Port Hedland disrupt iron ore loadings and tie up dry bulk tonnage, which can support near-term freight rates. Grain and feed freight costs are only marginally affected since the disruption is concentrated in Australian iron ore shipping.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/dry-bulk/dry-bulk-ffa-market-cyclone-scare-looms-over-freight-market

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