# Shipping’s perfect storm | 2020-08-20  | World Grain

> Dry bulk shipping has had a very weak 2020, with the Baltic Dry Index staying below 1,000 all year and dipping under 400 in May, close to its 2016 all-time low. Smaller bulk carrier rates used by grain shippers, such as supramax and handysize, have remained depressed.

- Date: 2020-08-20 · published 2020-08-20T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/51498-shipping-s-perfect-storm-2020-08-20-world-grain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Low freight rates lower the cost of moving grain by sea, which can narrow origin-destination spreads and shift export competitiveness, though the sector's weakness reflects shipowner losses more than a direct supply shock.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- world-grain.com: https://www.world-grain.com/articles/14125-shippings-perfect-storm

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