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Capesize freight rates from Brazil to China are firming because few ships are available for early January loading, while Australia-China rates are flat on ample cargo. Brazil increased its share of Chinese iron ore imports to 20.8 percent in 2016.
Tight tonnage lifts dry bulk shipping costs on bulk commodities, though the effect on feed grain freight is indirect since the story centers on iron ore and coal.
marinelink.comJoseph KeefeDec 22, 2016Not 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.
