# Ocean shipping rates – what do they mean for Canadian exporters | Alberta.ca

> The Baltic Dry Index fell from above 5,600 in early October 2021 to below 1,400, reportedly on lower seasonal demand. The Capesize index dropped to its lowest level since June 2020. Container shipping rates have eased only slightly from 2021 highs amid port congestion.

- Date: 2022-01-31 · published 2022-01-31T12:00:00.000Z
- Category: logistics · region Canada · magnitude low
- Page: https://feedsoft.ai/events/43052-ocean-shipping-rates-what-do-they-mean-for-canadian-exporters-alberta-ca
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower bulk freight rates reduce the cost of moving grain and oilseeds, which supports export competitiveness for origins that ship by sea, while congestion and high container rates keep costs elevated for some exporters.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- alberta.ca: https://www.alberta.ca/ocean-shipping-rates-what-do-they-mean-for-canadian-exporters

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