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Dry bulk rates have improved from record lows, with the Panamax segment reaching an average spot rate of nearly $12,500 early in December. Improvement is attributed to recovering Chinese commodity demand, lower newbuilding activity and increased scrapping, and Drewry expects operating costs to rise in 2017.
Stronger dry bulk rates increase the cost of moving feed grains and oilseeds by sea, raising delivered prices for feed buyers.
supplychainbrain.comMaritime ExecutiveDec 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.
