# Shipping rates stabilizing at higher levels | World-grain.com | August 03, 2017 19:02 | World Grain

> Grain shipping rates are stabilizing at higher levels as Indian iron ore exports recover, which is absorbing panamax, supramax and handymax vessel capacity. Drewry expects India's iron ore exports to exceed 40 million tonnes this year, with peak demand in the third quarter when grain exports also rise.

- Date: 2017-08-03 · published 2017-08-03T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/69351-shipping-rates-stabilizing-at-higher-levels-world-grain-com-august-03-2017-19
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Competition for smaller bulk vessels from iron ore keeps grain freight costs elevated, raising the delivered cost of grain imports for feed buyers.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- world-grain.com: https://www.world-grain.com/articles/8492-shipping-rates-stabilizing-at-higher-levels

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