Ocean Freight Comments
Transportation and Export Report: Jay O’Neil, O’Neil Commodity Consulting: Dry-bulk markets have continued to bounce back from their holiday lows. Business improved slightly this week in the Atlantic, which helped to support physical and paper markets. Capesize markets continue to struggle, however, and this is giving some pause to the market bulls. Volatility will certainly continue, but freight markets do not appear to have any defined direction yet.
There is no significant news or meaningful change in container freight markets this week.
