World Perspectives

Interactive Ocean Freight Rates (Updated 12 July)

Ocean Freight Comments - 12 July 2024 By Matt Herrington Dry bulk markets were mixed this week with paper and physical markets showing diverging trends. The Baltic Dry indexes were mostly higher this week (except for the Capesize sector, which posted late-week declines) but physical markets were weaker. Dry bulk rates from the U.S. Gulf and/or PNW to Asia, Africa, and Europe were $0.50-2/MT lower this week amid generally soft demand. That soft demand trend was true especially of the Capesize sector, but the Panamax and Supramax markets are hardly seeing robust interest. For several weeks now, there has been minimal demand in the Atlantic and Pacific markets and the resulting oversupply of tonnage has pressured rates lower. Sources indicat...

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From WPI Consulting

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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