Ocean Freight Comments
Transportation and Export Report: Jay O’Neil, O’Neil Commodity Consulting: December and January are historically dull, and therefore soft, months for global freight markets and this year was no exception. The Baltic Dry Index was down 28 percent in December and starts 2020 with little hope for substantial improvement. It is estimated that close to one third of the Capesize Dry-Bulk fleet has been fitted with scrubbers to comply with IMO2020. With IMO2020 now in full effect vessels will need to have scrubbers installed or use compliant fuel to comply with the new regulations.
