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Maritime Strategies International expects Capesize spot rates to reach their highest since mid-2015 in November, driven by falling Chinese domestic coal and iron ore supply. MSI expects rates to fall back below operating costs in the New Year as iron ore and coal trade weakens.
Freight spikes raise bulk shipping costs for grain and feed ingredients, while the expected early-2017 decline would ease those costs again.
worldmaritimenews.comNov 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.
