# Shipping News This Week - Pakistan & Gulf Economist

> Medium range tanker freight rates fell back toward year-low levels as tonnage was plentiful and US gasoline stocks kept building. The Baltic dry index rose for a tenth straight session to 1,552, its highest since March 2014. Capesize earnings climbed to $21,689 per day.

- Date: 2017-10-22 · published 2017-10-22T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/68655-shipping-news-this-week-pakistan-and-gulf-economist
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Dry bulk freight at multi-year highs raises the landed cost of imported grains and meals, especially for Middle East and South Asian feed buyers. Weak tanker rates have little direct effect on feed prices.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- pakistangulfeconomist.com: https://www.pakistangulfeconomist.com/2017/10/23/shipping-43/

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