# MSI: Strong Dry Bulk Market Unlikely to Last - Offshore Energy

> 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.

- Date: 2017-01-16 · published 2017-01-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/73189-msi-strong-dry-bulk-market-unlikely-to-last-offshore-energy
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- offshore-energy.biz: https://www.offshore-energy.biz/msi-strong-dry-bulk-market-unlikely-to-last/

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