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    #1

    ocean freight

    “Ocean freight rates put in perspective: 6-weeks ago Capesize timecharters averaged $31,457. Last week they averaged $5,372,” tweeted Tregg Cronin (@tmcronin31) market analyst at countryhedging.com on Sunday.
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    #2
    Lots of talk about this lately.

    Must be all those new ships coming on stream. They were ordered when times were booming and the bubble was never going to burst.

    That and figure a reduction in exports from South America and it starts to make sense.

    It should mean better returns for farmers in North America, as it makes us more competetive.

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