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Klaveness, a shipowner, says several factors are driving the current dry bulk rally, including Chinese coal demand, record US grain exports and higher commodity prices. Together they are lifting dry bulk earnings.
Stronger dry bulk freight raises the cost of moving grain and oilseeds by sea, which can narrow FOB-to-CIF spreads for feed importers and firm landed prices.
tradewindsnews.comDale WainwrightNov 21, 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.
