MID-SHIP Fertilizer – Oct 21, 2024

October 21, 2024

Market Overview:
Hope springs eternal for a so far unrealized seasonal improvement in dry bulk rates. Capes and Panamax have had an uninspiring week. Supra and Handy size have seen pockets of improved rates and a fair bit of positional volatility. Period activity at firm levels and moderate improvements across the forward assessments for Forward Freight Agreement contracts allow market participants to hope for improvement in the coming weeks. We remain cautiously optimistic due to stable demand and supportive supply-side fundamentals.

Subscribe below to receive the full report.