Ocean Freight Comments
Transportation and Export Report: Jay O’Neil, O’Neil Commodity Consulting: Paper trading helped hold up dry-bulk markets this week. But, once again, it was not an exciting week in global freight markets.
The Capesize sector showed the best strength as business increased from Western Australia to China. There were a number of global ocean freight conferences taking place this week with the biggest topic being the rapidly approaching IMO2020 low-sulfur fuel requirements – and just how vessel owners and operators will be able to recoup the added expense related to such. It does not look like anyone has a good answer to this question.
