World Perspectives

Interactive Ocean Freight Rates (Updated 19 April)

Ocean Freight Comments - 19 April 2024 By Matt Herrington Spot dry-bulk freight markets remain weak amid dull April demand but rates are improving for May and June with improved interest in booking cargoes. Chinese demand for iron ore and coal has improved and bolstered capesize rates while grain demand from the East Coast of South America is pushing Panamax and Supramax vessel rates higher. Earlier this week, an Ultramax vessel was chartered at $26,000/day from the U.S. Gulf to Japan carrying wood chips while most round-trip rates from the U.S. West Coast/PNW to Asia are near $15,000/day. The Panama Canal Authority announced that, effective 16 May, the daily vessel transits and booking slots will increase from the current 27 to 31 and t...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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