
London-listed Tufton Assets fixed the MR product tanker Mia Grace at $39,000 per day, up 81% from $21,500. Charterers also extended sister tankers Catherine Grace and Madelyn Grace for 12 months at higher rates, and the ultramax bulker African Inspiration was extended for six to eight months at a substantially higher rate.
Stronger chartering rates for tankers and dry bulkers signal firmer freight demand, which raises the cost of moving grain and meal and can widen origin-destination spreads for feed ingredients. The effect on feed prices is modest and indirect.
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