# China holds key to shipping costs | World Grain

> Maritime Strategies International says the dry bulk fleet grew 15% since 2018 while cargo volume grew only 2.9%, with port congestion from COVID having been the main support for freight rates. The article looks at how the supply-demand gap is shaping shipping costs.

- Date: 2023-01-19 · published 2023-01-19T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/37675-china-holds-key-to-shipping-costs-world-grain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Excess bulk capacity points to continued downward pressure on freight costs for grain and feed ingredient shipments unless congestion returns.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- world-grain.com: https://www.world-grain.com/articles/17999-china-holds-key-to-shipping-costs

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