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A roundup of shipping news covering Asian high-sulphur fuel oil cash premiums, UNCTAD data showing maritime demand growth of 2.6% in 2016 against 3.2% capacity growth, and Australian Premium White wheat returning to Asian buyers as freight rates declined. Container shipping reported an operating loss of US$3.5 billion.
Excess vessel capacity keeps freight rates and earnings low, which lowers grain shipping costs and supports export competitiveness for origins such as Australia.
pakistangulfeconomist.comS. Kamal Hayder KazmiOct 29, 2017Not 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.
