World Perspectives

FOB Prices and Freight Rate App (Updated 22 February)

Ocean Freight Comments - 22 February 2024 By Matt Herrington Freight markets and traders returned from their seasonal quiet period during the Chinese Lunar New Year holiday and found a flurry of buying orders that supported markets and rates. The Capesize sector led the rally with the Panamax sector following while Supramax and Handymax rates posted smaller gains. Notably, Kamsarmax demand is rising amid the South American grain harvest with China booking several cargoes from Brazil earlier this week. Questions remain as to whether this is merely a temporary bump in vessel demand and rate or the emergence of a longer-term demand increase.  Despite the firmer spot rates for ocean freight, forward freight agreements (FFAs) are slippin...

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Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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