# First Ship Sails After Latest Mississippi River Channel

> The first vessel sailed from the Mississippi River at a draft of 47.7 feet after pilots raised the allowable depth to 48 feet on December 20. The Cargill-operated ship loaded more than 112,000 metric tons of coal for the Far East. The terminal operator expects to load vessels to 50 feet in 2022.

- Date: 2021-12-27 · published 2021-12-27T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/43813-first-ship-sails-after-latest-mississippi-river-channel
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Deeper channel drafts let vessels carry more cargo per trip, lowering per-ton shipping costs for U.S. bulk exports. That improves competitiveness of U.S. grain and oilseed exports against Brazilian and Black Sea origins, which is mildly bearish for ocean freight rates.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- marinelink.com: https://www.marinelink.com/news/first-ship-sails-latest-mississippi-river-493132

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