# Asia Dry Bulk-Capesize Rates Pressured Abundant

> Capesize rates from Western Australia to China hit an eight-week high, but abundant tonnage is limiting further gains. Shipowners are anchoring ships off South Africa to resist charterers' attempts to push Brazil-to-China rates lower. Brokers expect rates to remain rangebound next week.

- Date: 2017-03-03 · published 2017-03-03T12:00:00.000Z
- Category: logistics · region Asia · magnitude low
- Page: https://feedsoft.ai/events/72206-asia-dry-bulk-capesize-rates-pressured-abundant
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Excess vessel supply caps freight rate gains, which keeps ocean costs for Brazilian and Australian bulk exports contained. Stable freight supports export competitiveness for South American grain and iron ore.

## Read by commodity

- OCEANFRT: neutral

## Sources

- marinelink.com: https://www.marinelink.com/news/bulkcapesize-pressured422768

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