# Shipping bulls are back: First container stocks, now dry bulk

> Analysts describe dry bulk shipping as in a strong upcycle, with spot Capesize rates averaging $28,800 per day, up 48% month on month. Panamax and Supramax rates are off February highs but still more than double their five-year averages. Vessel supply growth has remained restrained.

- Date: 2021-04-19 · published 2021-04-19T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/47803-shipping-bulls-are-back-first-container-stocks-now-dry-bulk
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Sustained high dry bulk freight rates signal strong commodity demand but raise shipping costs for grain and feed ingredient cargoes.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- freightwaves.com: https://freightwaves.com/news/shipping-bulls-are-back-first-containers-now-dry-bulk

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