# Ocean Freight Rates Hit Record High | Feed & Grain

> The Shanghai Containerized Freight Index hit a record 3,343.34 points on May 14, up threefold on the year. Container shortages and congested ports are pushing rates for Asia-US East Coast shipments to an all-time high of $7,378 per FEU.

- Date: 2021-05-19 · published 2021-05-19T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/46989-ocean-freight-rates-hit-record-high-feed-and-grain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Record container freight costs raise landed costs for imported feed ingredients and add to logistics bottlenecks. The effect on bulk grain and meal prices is indirect.

## Sources

- feedandgrain.com: https://www.feedandgrain.com/grain-supply-chain/news/15387229/ocean-freight-rates-hit-record-high

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