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Buxton ND | Panamax rates fell to $3,188/day last week vs. $3,705 the week before and $6,118/day a year ago.
Ocean Freight still interesting. Baltic Dry Index fell below 400 last week for 1st time on record back to 1985. Grain routes getting cheap.
PNW/Gulf freight spread fell to $7.94/MT last week vs. $8.47/MT the week before and $13.85/MT last year. PNW losing its advantage. $ZC_F
Credit to Tregg Cronin out of SD
Edit
Crude gaps lower to start the week (intra days)
Edited by Sat 1/17/2016 17:08
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Freight
