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Capesize spot activity picked up late in the week of 12 January 2018 but did not signal a sustained recovery, while long-haul rates continued to fall. Supramax rates in the Atlantic rose to as much as $25,000 per day on the US Gulf market, and Panamax derivatives suggested a possible bounce.
Dry bulk freight rates shape the landed cost of imported feed ingredients and grains. Firm Supramax rates in the Atlantic raise shipping costs for US Gulf grain and fertilizer exports, while weak long-haul rates ease costs on some routes.
bmti-report.comBen PerryJan 12, 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.
