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Shipowners at the Maritime CEO Forum in Monaco said dry bulk could be approaching a generational freight rate rally. They cited Guinea's bauxite boom and the Simandou iron ore ramp-up, which they expect to lift Simandou exports to as much as 65m tonnes next year.
One owner put the capesize earnings floor near $30,000 a day.
Stronger tonne-mile demand from new West African mineral flows could sustain higher ocean freight rates for bulk cargoes, raising landed costs for grain and feed ingredients. These views are forward-looking opinions from shipowners rather than confirmed market moves.
splash247.comSplashNov 2, 2026Not 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.
