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Maritime Strategies International forecast a positive short-term outlook for dry bulk freight rates but cautioned about the second half of 2017. Sentiment has shifted persistently upward, with most Baltic indices at their highest levels of the year.
Capesize, Panamax and Handysize spot rates have all risen, supported by Brazilian iron ore exports and Chinese coal imports.
Stronger dry bulk rates raise ocean freight costs for grain and feed shipments, adding to landed prices for importers. MSI's expected fade in support in Q2 and Q3 points to easing freight costs later in the year.
worldmaritimenews.comApr 18, 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.
