Ocean Freight Comments
Transportation and Export Report: Jay O’Neil, O’Neil Commodity Consulting: Dry-Bulk freight markets stabilized this week and even ticked higher by week’s end. Physical markets, however, remained mostly unchanged as late-week rallies were not enough to surpass last week’s drop. December Capesize FFA paper markets traded up from $12,500/day to $13,250/day. December FFA Panamax index traded at $10,700/day with Q1 2021 going for $8,750. The holiday season is rapidly approaching, and one must expect things to get very quiet as the world transitions into 2021.
