Demand In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for both 2024 and 2025 compared to our previous forecast due to a weaker outlook for coal as renewable electricit…
BIMCO: Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months Read More »
A number of factors have been contributing to the dry bulk market’s weakness of late. In its latest weekly report, shipbroker Intermodal said that “the onset of 2024 has ushered in a downward trend for dry bulk owners. Historically, the initial two mon…
Is the Dry Bulk Market Primed for a Recovery? Read More »
Capesize The capesize market experienced a varied week with distinct developments in both the Pacific and Atlantic regions. At the start of the week, a lacklustre trend prevailed as the Pacific faced downward pressure, resulting in a 20-cent decline on…
Dry Bulk Market Manages to Halt Losing Streak Read More »
The dry bulk market’s downturn over the past few days could persist over the coming weeks, as we’re entering a traditionally “soft” patch of each year, around China’s New Year celebrations. In its latest weekly report, shipbroker Xclusiv said that “the…
The Dry Bulk Market’s Latest Headwinds Could Intensify Read More »
Capesize The capesize market concluded the week on a relatively sombre note. The Pacific market struggled with limited participation from the miners throughout the week, resulting in declining rates driven by tonnage build-up and an overall shortage of…
Dry Bulk Market: Capesizes Retreat Read More »