Ocean Freight Comments
Transportation and Export Report: Jay O’Neil, O’Neil Commodity Consulting: It was another rather quiet week of steaming in circles.
The Baltic Dry-Bulk indices were up a little as they tried to fight the downward trend. However, the physical voyage market did not follow and remained mostly unchanged for the week. The U.S. markets will take a long 4th of July holiday this weekend and keep things quiet for the next three-to-four days.
Below is a recent history of freight values for Capesize vessels of iron ore from Western Australia to South China:
The charts below represent January-December 2014 annual totals versus year-to-date 2015 container shipments to Korea.
