Transportation and Export Report - 5 March
As you might guess, it is all about the conflict in the Middle East this week when discussing anything connected to energy or freight markets. Rate estimates, fuel costs, and insurance premiums (if available) have all skyrocketed since the U.S. attacked Iran and Iran attacked 15 of its neighbor...
Market Commentary: Middle East Turmoil Keeps Commodities Higher
War-related upward pressure in petroleum prices continues to provide support to grain prices. Brent crude oil hit $85/barrel and WTI crude rose 8.5 percent, its biggest jump since July 2024 and the first time above $80/barrel in over a year. HRW hit its highest price in a year, corn broke throu...
FOB Prices and Freight Rates App (Updated 4 March)
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
Market Commentary: Fundamentals in the Backseat; Conflict Impacts Driving Markets
Four days into the U.S.-Iran conflict, it is becoming apparent that the conflict will last longer than a few days, and impacts could be more widespread than expected. That sentiment drove macroeconomic and commodity futures markets on Tuesday, which meant risk-off trading in the macro sector an...
Market Commentary: Gulf Conflict Creates Volatility but Little Support for Grains
The primary drivers of Monday’s grain trade were, of course, the U.S. and Israel’s weekend attacks on Iran that killed the latter country’s Supreme Leader Khamenei and the subsequent cascade of impacts on global markets. WPI covers these impacts in more detail in our nearby ar...
Conflict in the Gulf: Impacts on Shipping and Energy
For weeks now, global energy and geopolitical markets have been speculating about a possible conflict in the Middle East between Iran and the U.S., but they still seemed unprepared and entirely surprised by what happened this weekend. Without going into the details that news outlets have alrea...
Transportation and Export Report - 26 February
The start of 2026 has been the exact opposite of what dry bulk markets and traders expected at the end of 2025. Typically, the Lunar New Year and post-holiday demand lulls mean that Q1 freight rates are often the weakest of the year. This year, however, rates rallied sharply on unexpected deman...
Transportation and Export Report
Dry bulk ocean freight markets are once again seeing diverging trends across the Atlantic and Pacific basins. Key to this divergence is the Chinese Lunar New Year holiday, which started last weekend and will last through 3 March. That is putting much of Asia on hold for trading and vessel inqui...
Transportation and Export Report - 13 February 2026
U.S. grain transportation markets are slowly recovering from the shocks of bitter cold weather and low water levels on the Mississippi River System and from the surge in export demand. The latter is also causing strong rallies in ocean freight markets, particularly in the Atlantic basin. With g...
Transportation and Export Report for 4 February 2025
U.S. grain transportation markets remain skewed by the impacts of cold weather and low water levels on the Mississippi River System, which have pushed spot CIF and FOB values sharply higher. Internationally, the recovery in ocean freight rates continues, with strong demand in the Atlantic while...
Transportation and Export Report - 28 January 2026
Grain transportation was thrown into confusion this week as ice and low water levels on the Mississippi River System snarled barge traffic and caused a surge in CIF grain values. On the ocean freight markets, rising bunker prices and improved demand in the Atlantic drove dry-bulk markets higher...
Thailand Soy Tariffs Update
Thailand’s market is now officially reopened to soybean and soymeal imports as the government has resolved a lapse in tariff policy that caused import duties to default to prohibitively high levels earlier this month. On 27 January, the Thai Cabinet approved the continuation of its market...
Transportation and Export Report - January 22, 2026
WPI is pleased to release the third week of the Transportation and Export Report, a weekly industry publication previously produced by ocean freight specialist Jay O’Neil. This report, which WPI recently acquired, will strengthen WPI’s coverage of global ocean freight markets by bui...
Transportation and Export Report - January 15, 2026
WPI is pleased to the second week of the Transportation and Export Report, a weekly industry publication previously produced by ocean freight specialist Jay O’Neil. This report, which WPI recently acquired, will strengthen WPI’s coverage of global ocean freight markets by building o...
Transportation and Export Report - 7 January
WPI is pleased to announce the acquisition of the Transportation and Export Report, a weekly industry publication previously produced by ocean freight specialist Jay O’Neil. This report will strengthen WPI’s coverage of global ocean freight markets by building on the best-in-class i...
WPI Grain Transportation Report
Dry-bulk freight markets are mixed this week with pre-holiday trade driving diverging trends. The Capesize sector saw some strength, primarily in the Atlantic, with demand for Brazilian loadings driving the market. Panamax and Supramax markets, in contrast, saw weaker pricing as ballaster...
WPI Grain Transportation Report
Dry-bulk markets were softer last week with Capesize markets seeing weaker interest from East Australia and other Pacific locales. Traders are describing spot tonnage in the Pacific as “abundant”, a mentality that is pressuring rates. Similarly, demand for C3 ex Brazil and West Afri...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region North African and Middle East wheat, corn, and barley importers will see more competition from Russian grains as Russia has reduced its grain export taxes to zero. Russia hopes to increase grain exports which are down by 13.3 perc...
WPI Grain Transportation Report
Dry-bulk markets are firmer this week with the Capesize sector again leading the rally. Capesize rates saw support from stronger volumes from East Australia and the Pacific with Brazil and West Africa seeing demand for LH December and January positions. Panamax markets were firmer with growing...
WPI Grain Transportation Report
Dry bulk markets are firmer this week as China’s recent soybean purchases stoked hopes that cargo demand, and vessel hire rates, will increase heading into 2026. China has purchased about 1 MMT of U.S. soybeans out of their commitment to purchase 12 MMT in December and January. Cape...
WPI Grain Transportation Report
Dry-bulk markets were higher last week amid improved freight inquiries, tightening tonnage lists, and traders hoping for increased grain business in late November and early December. Despite hopes to the contrary, there has been essentially no confirmation of any U.S. grain export business to C...
WPI Grain Transportation Report
Dry bulk freight markets were quiet this past week and continued the trend that has been present since mid-October. The quiet trade let rates drift lower with disappointment about the slow appearance of Chinese demand weighing on market sentiment. The U.S.-China trade deal was thought to be lik...
WPI Grain Transportation Report
Dry bulk markets were quiet and mostly flat last week. Spot rates softened a little bit as vessel owners threw in the towel on waiting for improved demand. Most hopes for any recovery in rates now rests on the new U.S.-China trade deal. After the positive meeting between Presidents Xi and...
WPI Grain Transportation Report
Dry bulk markets were mixed and relatively quiet this week. The Capesize sector traded steady on flagging spot demand despite an increase in Chinese iron ore demand and rising Dalian steel futures. The Panamax sector was the upside leader for the week, primarily due to Pacific demand. Freight m...
WPI Grain Transportation Report
Dry-bulk markets were mixed this past week with paper values rising as the Chinese holiday ended, but physical values seeing little of the same enthusiasm. Capesize freight rates were volatile last week after China’s port-fee announcement on 9 October. The fees, as expected, forced...
WPI Grain Transportation Report
Dry bulk markets are waiting to see how rates will react now that China’s Golden Week and South Korea’s holidays are both over. The Golden Week celebrations ended on Wednesday and, so far, dry bulk rates have not seen much upward movement. Panamax and Capesize vessels are slightly f...
New Truck Tariffs to Hit Mexico
President Trump said yesterday that all medium- and heavy-duty trucks imported into the U.S. will face a 25 percent tariff rate starting 1 November. That marks a significant escalation of Trump’s effort to protect U.S. companies from foreign competition. He had previously stat...
WPI Grain Transportation Report
Dry bulk freight rates cratered this week as China started its Golden Week holiday, which blanketed markets with calm and quiet. Pacific markets were especially dull and weaker, especially amid doubts about how China’s grain demand will play out after the holiday. China still has not book...
WPI Grain Transportation Report
Dry bulk markets are mixed this week as the Capesize sector saw renewed strength while Panamax and Supramax markets struggled to maintain rates. Capesize markets were higher on iron ore demand from west Australia with a steady flow of cargo bookings through the week. The improved booking...
WPI Grain Transportation Report
Dry bulk markets were volatile last week but failed to settle on much of a direction. Capesize markets stabilized and seemed to be finding a little support, which helped stabilize other vessel sectors. Miners in the Pacific remain consistently active, which is supporting Capesize rates in the r...
WPI Grain Transportation Report
Dry bulk freight markets rallied this week buyers extending coverage ahead of China’s Golden Week festival in 1-8 October. The rally came partly from an uptick in cargo demand but mostly from vessel supply disruptions stemming from the U.S. fees against Chinese vessels. This is causing Ch...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan flooding reportedly damaged as much as 30 percent of wheat stocks in some areas, especially eastern Punjab. Local wheat prices are said to be up by 40 percent with further increases expected. Trade reports say that due to...
WPI Grain Transportation Report
Dry bulk markets were quiet this week with the bullish momentum of the past few weeks fading and allowing values to slip lower. September is usually a lackluster month for freight markets as shippers await the North American grain harvest. The lack of Chinese buying of American soybeans is nota...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Tunisia’s cereal production in 2025 has improved due to better rainfall, according to the FAO, with wheat production up by 8.7 percent to 1.25 MMT and barley production up by 26.7 percent to 380,000 MT. Cereals imports for 2...
WPI Grain Transportation Report
Dry bulk freight markets continued to strengthen this week, this time with the Supramax and Panamax sectors in the lead. Improved grain demand off the U.S. East Coast and supported values, alongside stronger interest in coal from South America. Baltic coal demand was also said to be &ldqu...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Lebanon’s 2025 grain crops are expected to be much lower, as much as 25 percent lower for wheat, due to the drought and to local conflict. Rainfall is down by 50 percent in some areas while due to conflict many farmers were...
WPI Grain Transportation Report
Dry Bulk markets were mixed this week with Capesize markets falling back after their recent rally while Panamax and Supramax values continue to firm. The Atlantic and Pacific markets saw diverging trends with the former seeing generally steady trade (except for spot positions) while the latter...
WPI Grain Transportation Report
Dry Bulk Markets The dry bulk market rally of the past two weeks has ended with rates turning softer this week. The Capesize sector – which lead the recent rally – is now leading the way lower with the Panamax sector in tow. The reason for the weaker rates is that fresh cargo...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s Mostakbal Misr (Future of Egypt) may not be able to buy grain from Ukraine as it could be added to the blacklist. Ukraine says that the company has purchased wheat from Russia that was harvested in Russia occupied ar...
WPI Transportation Report
Dy Bulk Markets Again this week, the bullish story is the rapid rise in Capesize vessel freight values with demand for Australian iron ore driving most of the rally. The Aussies have seen strong demand for August shipments in particular, which is pushing the forward end of the curve highe...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region A BRICS spokesman said that in light of the consolidation of companies in the grain trade, “BRICS countries must cooperate in antitrust policy and antitrust legislation” for the international grain trade. The feeling s...
WPI Transportation Report
Dry Bulk Markets The Capesize market is up more than 80 percent from last week’s report due to greatly improved iron ore demand in the Atlantic. There has been a notable increase in inquiries for vessels from Brazil and West Africa for the August/LH September time frame. Additionally, Aus...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s annual inflation level is at 14.4 percent in the latest month, down from 16.5 percent the previous month. Egypt’s target for 65 percent self-sufficiency in wheat in 2025 has been revised by the government...
WPI Transportation Report
Dry Bulk Dry bulk markets continue to see diverging trends with the Capesize sector suffering under slack demand for iron ore, coal, and bauxite while Panamax and Supramax markets are higher on improved demand from the Atlantic and the East Coast of South America. Pacific markets have bee...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Syria reports that the wheat collected in the North/East region since 5 June is at 282,000 MT. The government adds that the wheat received this year is of lower quality due to low rainfall and high temperatures. Yemeni Houthi rebe...
WPI Transportation Report
Dry Bulk Markets Dy bulk markets were mixed this week with the Capesize sector sliding lower as geopolitical uncertainty in the Middle East pushed buyers to the sidelines. The Panamax and Supramax markets saw enough support from Asian demand to sustain last week’s gains. Seasonally,...
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&rsq...
WPI Transportation Report
Dry Bulk Ocean Freight Dry bulk freight markets saw strength emerge this week with the Capesize sector rallying in early trade, but giving up some of those gains at the week’s end. Panamax and Supramax markets pushed higher initially as well, but now look like they will head sideway...
Transportation and Export Report - 5 March
As you might guess, it is all about the conflict in the Middle East this week when discussing anything connected to energy or freight markets. Rate estimates, fuel costs, and insurance premiums (if available) have all skyrocketed since the U.S. attacked Iran and Iran attacked 15 of its neighbor...
Market Commentary: Middle East Turmoil Keeps Commodities Higher
War-related upward pressure in petroleum prices continues to provide support to grain prices. Brent crude oil hit $85/barrel and WTI crude rose 8.5 percent, its biggest jump since July 2024 and the first time above $80/barrel in over a year. HRW hit its highest price in a year, corn broke throu...
FOB Prices and Freight Rates App (Updated 4 March)
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
Market Commentary: Fundamentals in the Backseat; Conflict Impacts Driving Markets
Four days into the U.S.-Iran conflict, it is becoming apparent that the conflict will last longer than a few days, and impacts could be more widespread than expected. That sentiment drove macroeconomic and commodity futures markets on Tuesday, which meant risk-off trading in the macro sector an...
Market Commentary: Gulf Conflict Creates Volatility but Little Support for Grains
The primary drivers of Monday’s grain trade were, of course, the U.S. and Israel’s weekend attacks on Iran that killed the latter country’s Supreme Leader Khamenei and the subsequent cascade of impacts on global markets. WPI covers these impacts in more detail in our nearby ar...
Conflict in the Gulf: Impacts on Shipping and Energy
For weeks now, global energy and geopolitical markets have been speculating about a possible conflict in the Middle East between Iran and the U.S., but they still seemed unprepared and entirely surprised by what happened this weekend. Without going into the details that news outlets have alrea...
Transportation and Export Report - 26 February
The start of 2026 has been the exact opposite of what dry bulk markets and traders expected at the end of 2025. Typically, the Lunar New Year and post-holiday demand lulls mean that Q1 freight rates are often the weakest of the year. This year, however, rates rallied sharply on unexpected deman...
Transportation and Export Report
Dry bulk ocean freight markets are once again seeing diverging trends across the Atlantic and Pacific basins. Key to this divergence is the Chinese Lunar New Year holiday, which started last weekend and will last through 3 March. That is putting much of Asia on hold for trading and vessel inqui...
Transportation and Export Report - 13 February 2026
U.S. grain transportation markets are slowly recovering from the shocks of bitter cold weather and low water levels on the Mississippi River System and from the surge in export demand. The latter is also causing strong rallies in ocean freight markets, particularly in the Atlantic basin. With g...
Transportation and Export Report for 4 February 2025
U.S. grain transportation markets remain skewed by the impacts of cold weather and low water levels on the Mississippi River System, which have pushed spot CIF and FOB values sharply higher. Internationally, the recovery in ocean freight rates continues, with strong demand in the Atlantic while...
Transportation and Export Report - 28 January 2026
Grain transportation was thrown into confusion this week as ice and low water levels on the Mississippi River System snarled barge traffic and caused a surge in CIF grain values. On the ocean freight markets, rising bunker prices and improved demand in the Atlantic drove dry-bulk markets higher...
Thailand Soy Tariffs Update
Thailand’s market is now officially reopened to soybean and soymeal imports as the government has resolved a lapse in tariff policy that caused import duties to default to prohibitively high levels earlier this month. On 27 January, the Thai Cabinet approved the continuation of its market...
Transportation and Export Report - January 22, 2026
WPI is pleased to release the third week of the Transportation and Export Report, a weekly industry publication previously produced by ocean freight specialist Jay O’Neil. This report, which WPI recently acquired, will strengthen WPI’s coverage of global ocean freight markets by bui...
Transportation and Export Report - January 15, 2026
WPI is pleased to the second week of the Transportation and Export Report, a weekly industry publication previously produced by ocean freight specialist Jay O’Neil. This report, which WPI recently acquired, will strengthen WPI’s coverage of global ocean freight markets by building o...
Transportation and Export Report - 7 January
WPI is pleased to announce the acquisition of the Transportation and Export Report, a weekly industry publication previously produced by ocean freight specialist Jay O’Neil. This report will strengthen WPI’s coverage of global ocean freight markets by building on the best-in-class i...
WPI Grain Transportation Report
Dry-bulk freight markets are mixed this week with pre-holiday trade driving diverging trends. The Capesize sector saw some strength, primarily in the Atlantic, with demand for Brazilian loadings driving the market. Panamax and Supramax markets, in contrast, saw weaker pricing as ballaster...
WPI Grain Transportation Report
Dry-bulk markets were softer last week with Capesize markets seeing weaker interest from East Australia and other Pacific locales. Traders are describing spot tonnage in the Pacific as “abundant”, a mentality that is pressuring rates. Similarly, demand for C3 ex Brazil and West Afri...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region North African and Middle East wheat, corn, and barley importers will see more competition from Russian grains as Russia has reduced its grain export taxes to zero. Russia hopes to increase grain exports which are down by 13.3 perc...
WPI Grain Transportation Report
Dry-bulk markets are firmer this week with the Capesize sector again leading the rally. Capesize rates saw support from stronger volumes from East Australia and the Pacific with Brazil and West Africa seeing demand for LH December and January positions. Panamax markets were firmer with growing...
WPI Grain Transportation Report
Dry bulk markets are firmer this week as China’s recent soybean purchases stoked hopes that cargo demand, and vessel hire rates, will increase heading into 2026. China has purchased about 1 MMT of U.S. soybeans out of their commitment to purchase 12 MMT in December and January. Cape...
WPI Grain Transportation Report
Dry-bulk markets were higher last week amid improved freight inquiries, tightening tonnage lists, and traders hoping for increased grain business in late November and early December. Despite hopes to the contrary, there has been essentially no confirmation of any U.S. grain export business to C...
WPI Grain Transportation Report
Dry bulk freight markets were quiet this past week and continued the trend that has been present since mid-October. The quiet trade let rates drift lower with disappointment about the slow appearance of Chinese demand weighing on market sentiment. The U.S.-China trade deal was thought to be lik...
WPI Grain Transportation Report
Dry bulk markets were quiet and mostly flat last week. Spot rates softened a little bit as vessel owners threw in the towel on waiting for improved demand. Most hopes for any recovery in rates now rests on the new U.S.-China trade deal. After the positive meeting between Presidents Xi and...
WPI Grain Transportation Report
Dry bulk markets were mixed and relatively quiet this week. The Capesize sector traded steady on flagging spot demand despite an increase in Chinese iron ore demand and rising Dalian steel futures. The Panamax sector was the upside leader for the week, primarily due to Pacific demand. Freight m...
WPI Grain Transportation Report
Dry-bulk markets were mixed this past week with paper values rising as the Chinese holiday ended, but physical values seeing little of the same enthusiasm. Capesize freight rates were volatile last week after China’s port-fee announcement on 9 October. The fees, as expected, forced...
WPI Grain Transportation Report
Dry bulk markets are waiting to see how rates will react now that China’s Golden Week and South Korea’s holidays are both over. The Golden Week celebrations ended on Wednesday and, so far, dry bulk rates have not seen much upward movement. Panamax and Capesize vessels are slightly f...
New Truck Tariffs to Hit Mexico
President Trump said yesterday that all medium- and heavy-duty trucks imported into the U.S. will face a 25 percent tariff rate starting 1 November. That marks a significant escalation of Trump’s effort to protect U.S. companies from foreign competition. He had previously stat...
WPI Grain Transportation Report
Dry bulk freight rates cratered this week as China started its Golden Week holiday, which blanketed markets with calm and quiet. Pacific markets were especially dull and weaker, especially amid doubts about how China’s grain demand will play out after the holiday. China still has not book...
WPI Grain Transportation Report
Dry bulk markets are mixed this week as the Capesize sector saw renewed strength while Panamax and Supramax markets struggled to maintain rates. Capesize markets were higher on iron ore demand from west Australia with a steady flow of cargo bookings through the week. The improved booking...
WPI Grain Transportation Report
Dry bulk markets were volatile last week but failed to settle on much of a direction. Capesize markets stabilized and seemed to be finding a little support, which helped stabilize other vessel sectors. Miners in the Pacific remain consistently active, which is supporting Capesize rates in the r...
WPI Grain Transportation Report
Dry bulk freight markets rallied this week buyers extending coverage ahead of China’s Golden Week festival in 1-8 October. The rally came partly from an uptick in cargo demand but mostly from vessel supply disruptions stemming from the U.S. fees against Chinese vessels. This is causing Ch...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan flooding reportedly damaged as much as 30 percent of wheat stocks in some areas, especially eastern Punjab. Local wheat prices are said to be up by 40 percent with further increases expected. Trade reports say that due to...
WPI Grain Transportation Report
Dry bulk markets were quiet this week with the bullish momentum of the past few weeks fading and allowing values to slip lower. September is usually a lackluster month for freight markets as shippers await the North American grain harvest. The lack of Chinese buying of American soybeans is nota...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Tunisia’s cereal production in 2025 has improved due to better rainfall, according to the FAO, with wheat production up by 8.7 percent to 1.25 MMT and barley production up by 26.7 percent to 380,000 MT. Cereals imports for 2...
WPI Grain Transportation Report
Dry bulk freight markets continued to strengthen this week, this time with the Supramax and Panamax sectors in the lead. Improved grain demand off the U.S. East Coast and supported values, alongside stronger interest in coal from South America. Baltic coal demand was also said to be &ldqu...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Lebanon’s 2025 grain crops are expected to be much lower, as much as 25 percent lower for wheat, due to the drought and to local conflict. Rainfall is down by 50 percent in some areas while due to conflict many farmers were...
WPI Grain Transportation Report
Dry Bulk markets were mixed this week with Capesize markets falling back after their recent rally while Panamax and Supramax values continue to firm. The Atlantic and Pacific markets saw diverging trends with the former seeing generally steady trade (except for spot positions) while the latter...
WPI Grain Transportation Report
Dry Bulk Markets The dry bulk market rally of the past two weeks has ended with rates turning softer this week. The Capesize sector – which lead the recent rally – is now leading the way lower with the Panamax sector in tow. The reason for the weaker rates is that fresh cargo...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s Mostakbal Misr (Future of Egypt) may not be able to buy grain from Ukraine as it could be added to the blacklist. Ukraine says that the company has purchased wheat from Russia that was harvested in Russia occupied ar...
WPI Transportation Report
Dy Bulk Markets Again this week, the bullish story is the rapid rise in Capesize vessel freight values with demand for Australian iron ore driving most of the rally. The Aussies have seen strong demand for August shipments in particular, which is pushing the forward end of the curve highe...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region A BRICS spokesman said that in light of the consolidation of companies in the grain trade, “BRICS countries must cooperate in antitrust policy and antitrust legislation” for the international grain trade. The feeling s...
WPI Transportation Report
Dry Bulk Markets The Capesize market is up more than 80 percent from last week’s report due to greatly improved iron ore demand in the Atlantic. There has been a notable increase in inquiries for vessels from Brazil and West Africa for the August/LH September time frame. Additionally, Aus...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s annual inflation level is at 14.4 percent in the latest month, down from 16.5 percent the previous month. Egypt’s target for 65 percent self-sufficiency in wheat in 2025 has been revised by the government...
WPI Transportation Report
Dry Bulk Dry bulk markets continue to see diverging trends with the Capesize sector suffering under slack demand for iron ore, coal, and bauxite while Panamax and Supramax markets are higher on improved demand from the Atlantic and the East Coast of South America. Pacific markets have bee...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Syria reports that the wheat collected in the North/East region since 5 June is at 282,000 MT. The government adds that the wheat received this year is of lower quality due to low rainfall and high temperatures. Yemeni Houthi rebe...
WPI Transportation Report
Dry Bulk Markets Dy bulk markets were mixed this week with the Capesize sector sliding lower as geopolitical uncertainty in the Middle East pushed buyers to the sidelines. The Panamax and Supramax markets saw enough support from Asian demand to sustain last week’s gains. Seasonally,...
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&rsq...
WPI Transportation Report
Dry Bulk Ocean Freight Dry bulk freight markets saw strength emerge this week with the Capesize sector rallying in early trade, but giving up some of those gains at the week’s end. Panamax and Supramax markets pushed higher initially as well, but now look like they will head sideway...