Ocean Freight Comments
Transportation and Export Report: Jay O’Neil, O’Neil Commodity Consulting: From a trading perspective, this is the dead week between the Christmas and New Year holidays. Many offices are closed and there is very little trading occurring. As is common in quiet markets, the overall tone is softer but lacking sufficient volume to cause a change in weekly rates.
Dry-Bulk ship owners and operators are optimistic that 2021 will usher in better demand and higher rates. The shortage of empty containers and troublesome logistics continues to plague containerized grain sellers and this situation will likely continue through the first quarter of 2021. With so little news to report it simply seems best to wish everyone a happy, healthy and prosperous New Year!
