Ocean Freight Comments
Transportation and Export Report: Jay O’Neil, O’Neil Commodity Consulting: It was a mixed and not overly exciting week in global Dry-Bulk markets. Capesize and Panamax markets rolled gently up and down all week, showing no trend or significant volatility. By Thursday afternoon, rates settled at slightly higher values as the market continues to hunt for clear direction. Grain cargo demand remains supportive and vessel owners are anticipating a demand surge in September from the U.S. grain harvest. Paper traders have been more active and more optimistic than physical players.
