Ocean Freight Comments
Transportation and Export Report: Jay O’Neil, O’Neil Commodity Consulting: After a rough few weeks, dry-bulk markets have bounced back a bit and are trying hard to recoup some of their losses. This was an up week for market values, but trade volumes were low and definitive market direction is still lacking. As the market moves further into the holiday season, trade volumes will continue to decline and trader urgency, or lack thereof, will dictate whether the markets become quiet and dull or volatile. Looking forward, history suggest the first quarter of a new year is generally the weakest. We will have to see if history repeats itself in 2022.
