Ocean Freight Comments
Transportation and Export Report: Jay O’Neil, O’Neil Commodity Consulting: There were no big changes in global freight markets this week. Overall the Dry-Bulk market remains soft. The Baltic Indices gave up some of their past gains and most physical rates remained unchanged. Vessel owners can only wait and hope that the North American Fall harvest will add a little excitement to things. However, any potential bump in cargo demand will likely be only temporary.
Below is a recent history of freight values for Capesize vessels of iron ore from Western Australia to China:
The charts below represent January-December 2014 annual totals versus year-to-date 2015 container shipments to Thailand.
