Breakwave Dry Bulk Shipping ETF (BDRY)

[JLmyhero]

Insightful analysis from a shipping professional

To add to the experienced freight market insights of others: cape pricing has actually been decimated in recent weeks by supply side events, particularly devastating rains in Brazil since mid-January and to a lesser extent Cyclone Damien impacting Western Australia's Pilbara region in early Feb. Combined, they have caused significant iron ore supply destruction, amounting to c.20mt. This equates to 250mt annualised or 20% of typical supplies. In the coming 2-weeks, China will receive these lower tonnages, which on the flip side will partly contribute to iron ore price support...