# Capesize Rates To Climb In A 'Market On Fire'

> Capesize freight rates for 180,000 DWT ships on Asian routes hit three-year highs this week, with Australia-China rates expected to break $10 a tonne and Brazil-China possibly surpassing $20. Brokers cite a shortage of ships available for prompt charter, weather delays in China and heavy Brazilian activity.

- Date: 2017-11-30 · published 2017-11-30T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/68179-capesize-rates-to-climb-in-a-market-on-fire
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher capesize rates raise the landed cost of iron ore and coal and tighten ocean freight capacity, which pushes up ocean grain freight costs for feed importers.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- marinelink.com: https://www.marinelink.com/news/capesize-market-climb431695

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