Ocean Freight Comments
Transportation and Export Report: Jay O’Neil, O’Neil Commodity Consulting: Vessel owners and operators have not given up hopes of better/stronger markets. Dry-bulk markets attempted to rally this week and regain pervious weeks’ losses. The Capesize sector performed well and made solid gains. Panamax and other sectors struggled to do the same and ended the week with mixed results. Overall, Supramax and Handymax markets have had the best run up with a 300 percent gain over the past year.
The container freight situation remains unchanged, and the Christmas shopping season is upon us. Logistics are likely to remain difficult and frustrating.
