# Shipping costs soaring  | World Grain

> Bulk shipping costs are rising as commodity demand recovers and prices approach historical peaks. Bimco reported record bulk demand of 1.69 billion tonnes in the first four months of 2021, and shipowner earnings have risen sharply. Capesize earnings in May were more than nine times higher than a year earlier.

- Date: 2021-07-19 · published 2021-07-19T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/46265-shipping-costs-soaring-world-grain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher freight rates raise the landed cost of imported feed ingredients and widen the gap between FOB and delivered prices for exporters such as the US. Buyers should expect freight to keep pressuring delivered feed costs.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- world-grain.com: https://www.world-grain.com/articles/15566-shipping-costs-soaring

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