# Shipping News This Week - Pakistan & Gulf Economist

> 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.

- Date: 2017-10-29 · published 2017-10-29T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/68362-shipping-news-this-week-pakistan-and-gulf-economist
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Excess vessel capacity keeps freight rates and earnings low, which lowers grain shipping costs and supports export competitiveness for origins such as Australia.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- pakistangulfeconomist.com: https://www.pakistangulfeconomist.com/2017/10/30/shipping-44/

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