# Iron Ore Freight Starts to Cost a Ton as Great Fuel Shift Begins - Bloomberg

> Shipping costs for commodities by sea surged to the highest level in almost nine years, according to Bloomberg, as vessel owners began taking carriers off hire to prepare them for new fuel rules. The Baltic Dry Index tracks freight for coal, iron ore and grains.

- Date: 2019-08-30 · published 2019-08-30T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/57778-iron-ore-freight-starts-to-cost-a-ton-as-great-fuel-shift-begins-bloomberg
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher bulk freight and vessel withdrawals tighten ocean capacity, raising the landed cost of imported grains and meals; the fuel transition adds further cost pressure.

## Read by commodity

- BRENT: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-05-25 | [Ocean freight rates approach four-year high \| World Grain](https://feedsoft.ai/events/19449-ocean-freight-rates-approach-four-year-high-world-grain.md) | -12.1% | -23.9% |
| BRENT | 2019-07-23 | [The Suez Canal and SUMED Pipeline are critical chokepoints for oil and natural gas trade -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/57988-the-suez-canal-and-sumed-pipeline-are-critical-chokepoints-for-oil-and-natural.md) | +0.6% | -4.5% |
| BRENT | 2018-01-09 | [Sanchi Tanker Burns for Third Day in East China Sea](https://feedsoft.ai/events/66888-sanchi-tanker-burns-for-third-day-in-east-china-sea.md) | +2.9% | -0.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-08-30/iron-ore-freight-starts-to-cost-a-ton-as-great-fuel-shift-begins

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