# Dry Bulk Shipping Rates Are Soaring and the Rally Looks Set - Bloomberg

> The Baltic Dry Index extended its rise to a 10th consecutive increase, with dry bulk freight costs at an 11-year high. Ships are tied up in port congestion, tightening available vessel capacity.

- Date: 2021-08-23 · published 2021-08-23T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8771-dry-bulk-shipping-rates-are-soaring-and-the-rally-looks-set-bloomberg
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher dry bulk freight raises the landed cost of imported grains and oilseeds, pushing up delivered feed ingredient prices. Port congestion also delays cargo arrivals, tightening spot supply in importing markets.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-08-23/dry-bulk-shipping-rates-are-soaring-and-the-rally-looks-set

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