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Dry-bulk freight rates rallied in early August, with the capesize 5 Time Charter Average reaching $13,538 on 9 August, up $399 for the week. Brokers questioned whether the rally could last into the autumn shipping peak.
Rising capesize rates increase bulk freight costs, which can widen origin-destination spreads for grain and oilseed trades.
seatrade-maritime.comMarcus HandAug 11, 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.
