Loading…
Capesize rates pushed higher on Atlantic Basin tightness and rumours involving Vale, with brokers describing the market as frothy. The article reports the rate rise and its drivers in general terms.
Capesize strength raises bulk freight costs for iron ore and grain shipments, but brokers call it speculative, so it may not persist.
tradewindsnews.comMichael AngellNov 17, 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.
