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Optima projects the dry bulk fleet will grow about 1.4% in 2018, down from 3.15% in 2017, as orders slip. The forecast also anticipates a boost to freight rates.
Slower fleet growth tightens dry bulk capacity and supports freight rates, raising the cost of moving grains and meals by sea. The effect on feed prices is modest but points to firmer ocean freight.
tradewindsnews.comHarry PapachristouJan 4, 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.
