Market Perspectives – August 29, 2019

Ocean Freight Comments

Transportation and Export Report: Jay O’Neil, O’Neil Commodity Consulting: Dry-Bulk markets continued to inch their way higher this week. It has been an up and down, back and forth path, but the net market gains have been averaging close to 2-4 percent per week over the past few months, which is creating meaningful increases in physical rates. Serious concerns remain regarding global cargo demand growth due to the tariff wars, but the markets also know that some compensation for increased IMO 2020 compliance is needed to stave off financial destruction.