# Higher Vessel Rates Lift Baltic Dry Index to 11-Year High

> The Baltic Dry Index rose to 3,566 on August 13, its highest level since mid-2010, after a 5.8% weekly gain. Capesize, panamax and supramax rates all rose, with the supramax index at an all-time high since 2017 data. Ports diverted vessels from a Chinese container terminal closed after a COVID case.

- Date: 2021-08-13 · published 2021-08-13T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/45459-higher-vessel-rates-lift-baltic-dry-index-to-11-year-high
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Rising dry bulk rates increase the cost of shipping grains and oilseeds, which can narrow export margins and support landed feed prices.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- gcaptain.com: https://gcaptain.com/higher-vessel-rates-lift-baltic-dry-index-to-11-year-high/

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