# Asia Dry Bulk-Capesize Rates To Firm On Tight Tonnage,

> 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.

- Date: 2016-12-22 · published 2016-12-22T12:00:00.000Z
- Category: logistics · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/73659-asia-dry-bulk-capesize-rates-to-firm-on-tight-tonnage
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- marinelink.com: https://www.marinelink.com/news/bulkcapesize-tonnage419857

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