# NEW: A Prosperous Start to the New Year for Dry Bulk Ship Owners | CZ app

> Dry bulk freight markets opened 2021 with a rebound, with the Panamax spot rate climbing from $10,800 per day before Christmas to $12,695. Q1 forward freight values rose to $11,900 per day from $8,900, and strong demand for iron ore, coal and grain into China is adding to port congestion.

- Date: 2021-01-13 · published 2021-01-13T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/49355-new-a-prosperous-start-to-the-new-year-for-dry-bulk-ship-owners-cz-app
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Firmer freight rates and port congestion raise ocean transport costs for grain and feed ingredients, which tends to widen delivered import prices.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/new-a-prosperous-start-to-the-new-year-for-dry-bulk-ship-owners/

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