The Market Sentiment Index for multipurpose and breakbulk shipping rose to 55.8 from 54.7 in its 23rd edition, based on responses from 27 carriers, reaching a post-pandemic high. Carriers said geopolitical disruption, Red Sea and Middle East tensions, Panama Canal restrictions and port congestion are absorbing vessel capacity.
Reduced effective fleet capacity is tightening supply and supporting freight rates for project and breakbulk cargo, which raises the cost of moving feed ingredients and related goods.
Not 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.