# Shipping costs set to rise in 2021 | 2021-02-12  | World Grain

> Bulk shipping rates rebounded through the second half of 2020 as demand recovered after spring lockdowns. Mid-sized panamax vessels were supported by record US soybean exports and strong grain shipments from the Black Sea and other Northern Hemisphere origins. The article expects freight costs to rise further in 2021.

- Date: 2021-02-12 · published 2021-02-12T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/48847-shipping-costs-set-to-rise-in-2021-2021-02-12-world-grain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher panamax and ocean freight costs raise the landed cost of grain and soybean exports, narrowing origin price spreads and supporting freight-linked values for buyers. Strong ton-mile demand from long-haul Americas-to-China trade keeps upward pressure on rates.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- world-grain.com: https://www.world-grain.com/articles/14868-shipping-costs-set-to-rise-in-2021

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