# Dry Freight Rates Buoyed By Scrubber Refit Work

> Cargill's ocean transportation president said many large dry bulk ships will be out of service for at least 25 days each for scrubber installation before the IMO 2020 sulphur rules take effect on January 1, 2020. Capesize earnings have already risen above $26,000 a day after lows under $3,500 earlier in the year.

- Date: 2019-07-09 · published 2019-07-09T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/58295-dry-freight-rates-buoyed-by-scrubber-refit-work
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Temporary removal of capacity for scrubber refits tightens dry bulk supply and is expected to keep freight rates elevated in the second half of 2019, raising shipping costs for grain and feed ingredients.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- marinelink.com: https://www.marinelink.com/news/dry-freight-rates-buoyed-scrubber-refit-468203

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