# Capesize bulker rates are ‘electrifying’ - FreightWaves

> Capesize and dry bulk charter rates have reached levels not seen in years, with the Baltic Dry Index hitting its highest since December 2013 on July 18. Container rates to the U.S. are also rising and LNG shipping is gradually gaining traction.

- Date: 2019-07-18 · published 2019-07-18T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/58293-capesize-bulker-rates-are-electrifying-freightwaves
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher freight costs raise the landed cost of grains and soybeans shipped from South America and the Black Sea, which can widen origin spreads and cut farm-gate prices in exporting regions.

## Read by commodity

- SOY: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-02-26 | [Costly Panamax freight sees Capesize ore carrier loading grains](https://feedsoft.ai/events/48520-costly-panamax-freight-sees-capesize-ore-carrier-loading-grains.md) | +0.7% | +0.6% |
| SOY | 2023-10-09 | [Water isn’t rising on Mississippi, but barge rates have steadied for now - FreightWaves](https://feedsoft.ai/events/16598-water-isn-t-rising-on-mississippi-but-barge-rates-have-steadied-for-now.md) | +1.1% | +4.9% |
| SOY | 2020-08-31 | [Dry Bulk Market: Capesize Segment Ends Week in a Bang - Maritimes](https://feedsoft.ai/events/51811-dry-bulk-market-capesize-segment-ends-week-in-a-bang-maritimes.md) | +2.0% | +4.8% |
| SOY | 2018-12-10 | [Panama Canal, Port of Itaqui sign agreement - FreightWaves](https://feedsoft.ai/events/61481-panama-canal-port-of-itaqui-sign-agreement-freightwaves.md) | -1.8% | -1.1% |
| SOY | 2019-04-26 | [The future of the Panama Canal: What’s next for grain and coal shipping - FreightWaves](https://feedsoft.ai/events/59492-the-future-of-the-panama-canal-what-s-next-for-grain-and-coal-shipping.md) | -3.3% | -4.4% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/ocean-rate-report-capesize-bulker-rates-are-electrifying

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