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Freight rates for vessels carrying palm oil cargoes within Asia were broadly stable in the week to Wednesday October 30, though inquiries for November vessels have remained thin, sources have told Fastmarkets.
Agriculture exports from Ukraine have fallen since April despite the start of a new marketing year, with new crops entering the market, which has weighed on transshipment costs, sources told Fastmarkets.
Dry bulk freight rates for Panamax vessels in the Atlantic fell again to reach their lowest levels in a year in the week to Wednesday October 23, with weaker grain exports continuing to weigh on rates.
Dry bulk freight rates for Panamax vessels in the Atlantic decreased again in the week to Wednesday October 16 with weak grain exports compared to high tonnage and gloomy sentiment weighing on rates.
Insurance rates for ships out of Ukraine could potentially be raised due to an increase in Russian attacks on Ukrainian deep-sea ports during the week to Friday October 11, which have damaged terminals and vessels, sources told Fastmarkets.
Dry bulk freight rates for Panamax vessels in the Atlantic picked up in the week to Wednesday October 9 amid volatile crude oil prices and limited tonnage availability.
Freight rates for vessels carrying palm oil cargoes within Asia held steady in the week to Wednesday October 9, as palm inquiries for October improved, with still healthy tonnage available.
Dry bulk freight rates for Panamax vessels in the Atlantic fell in the week to Wednesday October 2, with weaker exports in both the North and South Atlantic weighing on rates, sources told Fastmarkets.
Freight rates for vessels carrying palm oil cargoes within Asia were rangebound in the week to Wednesday October 2 amid still weak demand from charterers and abundant tonnages.
Dry bulk freight rates for Panamax vessels in the Atlantic were little changed in the week to Wednesday September 25, with stronger demand for ships continuing to support rates.
Freight rates for vessels carrying palm oil cargoes within Asia were flat during the week to Wednesday September 25 on unchanged supply and demand fundamentals.
Dry bulk freight rates for Panamax vessels in the Atlantic rose in the week to Wednesday September 18 after falling for several weeks, with increased exports starting to absorb the excess ship supply, sources told Fastmarkets.
Freight rates for vessels carrying palm oil cargoes within Asia softened during the week to Wednesday September 18 on still softer charterer sentiment, sources have told Fastmarkets.
With disruption of the Panama Canal easing, the dry bulk market has been eyeing the possible impact of the improved situation.
Dry bulk freight rates for Panamax vessels in the Atlantic eased again in the week to Wednesday September 11 to one-year lows but may have found a bottom, sources told Fastmarkets.
Dry bulk freight rates for Panamax vessels in the Atlantic continued to decline in the week to Wednesday September 4 on a scarcity of exports amid a high availability of shipping capacity.
Dry bulk freight rates for Panamax vessels in the Atlantic continued to ease in the week to Wednesday August 28 as the market continued to experience excess tonnage availability, with not enough demand to absorb it.
Freight rates for vessels carrying palm oil cargoes from Southeast Asia to India were unchanged in the week to Wednesday August 28 on unchanged fundamentals amid pessimistic sentiment due to abundant tonnage, sources told Fastmarkets.
Dry bulk freight rates for Panamax vessels continued to fall in the week to Wednesday August 21 amid continued excess tonnage in the Atlantic and lower demand from South America.
Freight rates for vessels carrying palm oil cargoes from Southeast Asia to India fell in the week to Wednesday August 21 on plentiful tonnage and limited fixing of stems.