# Bulk ocean freight rates recover off lows - Grainews

> The Baltic Dry Index rose for seven straight sessions to 935 points, recovering from a low of 530 on February 16, driven partly by higher iron ore shipments from Brazil and Australia. Container rates continued to fall, with the Drewry World Container Index at US$1,898 per 40-foot box, 82% below its September 2021 peak.

- Date: 2023-02-28 · published 2023-02-28T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/37532-bulk-ocean-freight-rates-recover-off-lows-grainews
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Bulk freight recovering from its lows points to higher ocean costs for grain and oilseed exports, while the container slump does not directly affect bulk feed commodity flows.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- grainews.ca: https://www.grainews.ca/daily/bulk-ocean-freight-rates-recover-off-lows/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.