# Asia Dry Bulk-Capesize Rates Firm As Weather Delays

> Capesize freight rates on Asian routes firmed as bad weather in China and Australia tightened available ships, with Brazil-China rates reaching a 15-month high. About 80 capesize and panamax ships were queued to unload at Tianjin and Caofeidian due to fog and smog.

- Date: 2017-01-05 · published 2017-01-05T12:00:00.000Z
- Category: logistics · region Asia · magnitude low
- Page: https://feedsoft.ai/events/73176-asia-dry-bulk-capesize-rates-firm-as-weather-delays
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Port congestion and vessel shortages raised ocean freight costs for bulk cargoes, which raises landed costs for imported feed ingredients. The rally was driven by temporary weather disruption rather than a lasting demand shift.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- marinelink.com: https://www.marinelink.com/news/bulkcapesize-weather420330

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