# Cargill says fewer orders of new vessels pushing dry bulk shipping

> Cargill says a lack of new vessel orders is supporting the dry bulk freight market as commodity demand accelerates. The Baltic Exchange's main sea freight index rallied close to an 11-year high on higher capesize rates.

- Date: 2021-04-30 · published 2021-04-30T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/47293-cargill-says-fewer-orders-of-new-vessels-pushing-dry-bulk-shipping
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Limited newbuild supply combined with firm demand keeps grain freight costs elevated, which raises delivered costs for feed ingredients.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- maritime.direct: https://www.maritime.direct/baltic-exchange-cargill-dry-bulk-rates/cargill-says-fewer-orders-of-new-vessels-pushing-dry-bulk-shipping/1672139
- reuters.com: https://www.reuters.com/article/business/fewer-orders-of-new-vessels-supports-dry-bulk-shipping-outlook-cargill-idUSL8N2MJ3QQ/

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