# John Fredriksen's bulk carrier expects huge rate fluctuations

> 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.

- Date: 2017-08-23 · published 2017-08-23T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/69655-john-fredriksen-s-bulk-carrier-expects-huge-rate-fluctuations
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- shippingwatch.com: https://shippingwatch.com/carriers/Bulk/article9809971.ece

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