# Dry Bulk Shipping Costs Remain High in 2021 | CZ app

> Dry bulk freight rates are expected to stay elevated in 2021, with the market showing an early-year rebound from weak 2020 levels. Panamax spot earnings rose from $10,800 to about $12,700 per day, and forward freight agreements imply a seasonal Q2 premium.

- Date: 2021-01-27 · published 2021-01-27T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/49351-dry-bulk-shipping-costs-remain-high-in-2021-cz-app
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher ocean freight costs raise the landed cost of imported feed grains and meal, which tends to narrow import margins and support regional feed prices.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/dry-bulk-shipping-costs-remain-high-in-2021/

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