Weekly Dry Market Monitor : Downward Trend In The Capesize Freight Market

Credit: VCG

The last week of October witnessed a downward trend in the Capesize freight market momentum, while the smaller vessel segments experienced a relatively flat momentum. Meanwhile, the grain flows from Brazil to China with the Panamax vessel class recorded a significant surge in October that supported a firmer momentum for Panamax vessel freight rates (as envisaged in the image above).

Amid the weaker picture of the Capesize vessel freight rates, there is a positive side to the Chinese...

https://mfame.guru/weekly-dry-market-monitor-downward-trend-in-the-capesize-freight-market/

Weekly Dry Market Monitor : Downward Trend In The Capesize Freight Market

Credit: VCG

The last week of October witnessed a downward trend in the Capesize freight market momentum, while the smaller vessel segments experienced a relatively flat momentum. Meanwhile, the grain flows from Brazil to China with the Panamax vessel class recorded a significant surge in October that supported a firmer momentum for Panamax vessel freight rates (as envisaged in the image above).

Amid the weaker picture of the Capesize vessel freight rates, there is a positive side to the Chinese...

https://mfame.guru/weekly-dry-market-monitor-downward-trend-in-the-capesize-freight-market/

Weekly Dry Market Monitor – Week 40, 2023

Credits: OneOcean

The market in the fourth quarter of this year is showing a strong resurgence with rates increasing year-over-year, reports Signal.

Notably, Capesize Brazil to North China rates have exceeded $20 per tonne. This significant upswing in the freight market’s momentum is evident not only in the large vessel size segment but also in the Supramax and Handysize categories.

Recent surge in rates

This recent surge in rates has coincided with the initial signs of a manufacturing activity...

https://mfame.guru/weekly-dry-market-monitor-week-40-2023/