Dry bulk shipping rates hit $80,000 per day as buyers scramble for coal

dry bulk shipping

Yet another sign of stress for energy supplies and global supply chains: Spot rates for large dry cargo ships just topped $80,000 per day for the first time since 2009, and freight derivatives for the fourth quarter — a period when rates for these vessels normally pull back — just spiked.

Not long ago, it was a different story. On Sept. 20, headlines were dominated by Chinese property developer Evergrande and its impending collapse; fallout to construction and steel demand would assumedly hit...

https://www.freightwaves.com/news/dry-bulk-shipping-rates-hit-80000-per-day-as-buyers-scramble-for-coal

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