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A CMA panel discussion on the dry bulk market debated whether the recent rate rise will last. A broker says the jump is only temporary, while two shipowners are optimistic.
The item covers market sentiment rather than a new shipping event.
Divided views on whether freight gains will persist leave ocean rate direction uncertain for grain and oilseed exporters. The outlook affects forward freight pricing and export margin planning.
tradewindsnews.comEric MartinMar 21, 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.
