World Perspectives
08 April 2021 – Analysis

Interactive Ocean Freight Rates (Updated 8 April)

By Matt Herrington for Ag Perspectives

Ocean Freight Comments - 8 April 2021 By Jay O'Neil Commodity Consulting Following the crazy price action of the first quarter of 2021, dry-bulk markets have considerable rebalancing to do. Over the past three months, markets have been highly unusual whereby the smaller Handysize, and up to Panamax size, vessels have been earning more than Capesize vessels. A market correction is now taking place with Capesize markets stronger as the smaller size vessel markets adjust downward. North and South regional spreads are also adjusting. Overall, vessel owners continue to look for rates to improve further beyond the typically soft first quarter. Vessel new build orders are climbing and even bankers are growing more optimistic about freig...

TAGS – North America, Europe, South America, Black Sea, Middle East & Africa, Asia, Freight

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Communicating importance of value-added products

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