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Latest From Freight rates
Cargo volumes out of Brazil were anaemic, and this has clearly hurt the supply-demand balance for capesizes, with Pacific trade also thinning
Asia-US west coast and Asia-US east coast spot rates on the SCFI have climbed to $1,626 and $2,634 per feu, respectively
The Western Australia to China capesize voyage C5 route on the Baltic Exchange dipped to $4.68 per tonne, a decline of 18.3% over the week
Some short-term shipping delays can help owners, with added demand for vessels thus providing upward pressure on rates, a Singapore-based broker said
If this is indeed the start of a new trade war between Beijing and Ottawa, this could have significant repercussions on oilseed and grain trade, shipbroker Banchero Costa warns
Transpacific carriers could restrict capacity additions altogether in an attempt to balance the market, analysts suggest
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