# TSG Dry bulk supramax freight market surprises for the first half 2021

> A TSG report says dry bulk freight had a surprisingly strong first half of 2021, with grains and coal driving multi-year highs in rates and earnings. The Supramax index hit its highest level in ten years on June 18, with average time-charter earnings above $30,000 per day.

- Date: 2021-06-24 · published 2021-06-24T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/46800-tsg-dry-bulk-supramax-freight-market-surprises-for-the-first-half-2021
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Strong Supramax earnings reflect robust grain and oilseed shipment demand, which lifts ocean freight costs on feed ingredient trades. Expectations of steady rates into Q3 suggest freight will remain a firm cost element for feed importers.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- thesignalgroup.com: https://www.thesignalgroup.com/newsroom/dry-bulk-supramax-freight-market-surprises-for-the-first-half-2021

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