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MSI predicts a depressed year for dry bulk rates in 2017 after the strong end-2016 spot earnings fade. Capesize iron ore chartering slowed before year-end, and French nuclear output recovery and a slowdown in US Gulf grain trade are expected to weigh on Panamax coal demand.
Weaker Panamax demand from slower US Gulf grain shipments points to lower freight costs for grain exports. The outlook suggests limited support for ocean freight prices through 2017.
offshore-energy.bizWorld Maritime NewsJan 16, 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.
