# Global commodity boom drives demand for smaller bulk carriers

> Demand for smaller bulk carriers is rising as China is expected to import 26 million tonnes of corn over a 12-month period. The strength in the commodity boom is lifting rates for dry bulk shipping's smaller vessels.

- Date: 2021-05-21 · published 2021-05-21T12:00:00.000Z
- Category: logistics · region China · magnitude low
- Page: https://feedsoft.ai/events/47290-global-commodity-boom-drives-demand-for-smaller-bulk-carriers
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher charter rates for smaller ships increase freight costs on grain flows into China, supporting delivered prices for imported feed grains.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- tradewindsnews.com: https://www.tradewindsnews.com/bulkers/global-commodity-boom-drives-demand-for-smaller-bulk-carriers/2-1-1013780

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