# Dry Bulk Shipping: Vessel Demand Waning

> The Baltic Exchange dry bulk index fell for a 13th straight session, dropping 3.5% to 1,343, its lowest since February 2021. Capesize rates fell 10.9% to a level not seen since June 2020, while panamax and supramax segments also weakened.

- Date: 2022-01-25 · published 2022-01-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/43331-dry-bulk-shipping-vessel-demand-waning
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weaker freight rates reflect thin cargo demand, which raises the cost of moving bulk grain and meal from origin to buyers and can soften FOB basis for exporters. Lower ocean freight generally supports landed feed ingredient prices for importers.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- marinelink.com: https://www.marinelink.com/news/dry-bulk-shipping-vessel-demand-waning-493776

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