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Grain shipping costs on the rise

Apr 03, 2018 at 10:25 AM CST
Ocean shipping costs paid by grain shippers surged in the latter part of 2017 as bulk freight demand spiked and vessel supply growth slowed. While a traditional seasonal slowdown could be in the cards in the first quarter, analysts believe freight rates likely will remain buoyant — at least compared to recent years — for much of 2018.