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EuroDry said it will keep its drybulk fleet on spot charters and avoid firm rate forecasts, while noting geopolitics could move freight sharply in 2027. Ultramax spot rates rose from a third-quarter average of $23,500 to $25,500 per day by November 6, while Panamax rates eased from $18,000 to $17,200.
Management also said shipyard capacity is effectively booked for 2027 and 2028.
Limited newbuild deliveries and firm spot demand support dry bulk freight costs for grain shipments. Mixed Panamax and Ultramax moves suggest no clear direction for ocean grain freight yet.
finance.yahoo.comZacks Equity ResearchNov 12, 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.
