World Perspectives

Interactive Ocean Freight Rates (Updated 9 August)

*** Developer Note ***This app is deprecated as of 13 August 2024 and will no longer be updated. Ocean Freight Comments - 9 August 2024By Matt HerringtonDry-bulk markets continue to chop sideways with gains one week yielding losses the next before gains emerge again. This past week was one of the “up” weeks and freight values were slightly firmer, though expectations for any meaningful rally have been deferred until LH September or FH October, according to vessel owners. Vessel availability exceeds current cargo demand, which is leading to generally sideways and weaker freight rates.There are several reasons for the increase vessel availability; including slower Chinese demand and improving conditions in the Panama Canal. China’s purch...

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