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Golden Ocean's CEO says spot rates for Capesize vessels have more than tripled in three weeks. A Norwegian analyst firm estimates major bulk vessel rates could exceed $40,000 per day in the second half of the year.
A sharp rise in capesize spot rates sharply increases bulk freight costs, which can widen grain and oilseed export spreads and raise delivered feed ingredient costs.
shippingwatch.comAug 23, 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.
