World Perspectives

WPI Transportation Report

Dry Bulk Markets Dry bulk markets were mixed this week with Capesize vessel rates initially pushing higher, but then failing on reduced coal, iron ore, and bauxite demand and shipments. Rates for Capes were particularly sensitive to China’s weakening coal import demand and the country’s broader economic growth prospects.  The Capesize FFA 5TC forward curve showed a little strength on short-covering profit-taking, but weakness in the physical markets minimized any  upside gains. The Panamax and Supramax sectors saw modest increases in rates as grain demand from South America offered support. Rates on the Baltic Exchange fell for the third straight week, due primarily to weakness in the Capesize sector. 

The lon...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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