Key Takeaways:
- Dry bulk markets are steady/firmer this week with Handysize vessels making the biggest gains.
- In particular, strong grain demand has improved Handysize rates, along with charterers dipping down into the smaller vessel classes after the recent Panamax and Supra/Ultramax rallies.
- Geopolitical tensions remain high in the Middle East and Black Sea, which has vessel owners keeping rates above FFA values, though charterers are pushing back and widening bid-ask spreads.
- Tanker markets continue to see massive price gains as ...
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In yesterday’s WASDE, USDA reduced its overall red meat and poultry production forecast for 2026 as declines in beef and broiler output more than offset increases in pork and turkey production. Fourth-quarter beef production was revised downward because of slower fed cattle marketings and...
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
