Dry cargo market report
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We forecast dry bulk demand to grow by 4.5-5.5% in 2024 and to fall 1-2% in 2025. Cargo volumes are expected to grow by 1.5-2.5% in 2024 and by 0-1% in 2025. For 2024, we have revised our estimates up 1 percentage point due to stronger than expected iron ore shipments to China during the second quar... Please follow the link to continue reading.
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We forecast that crude tanker cargo volumes will grow 1.0-2.0% year-on-year in both 2024 and 2025. The average sailing distance is predicted to increase 7% in 2024 due to ships avoiding the Red Sea and the Suez Canal but fall approximately 5.5% in 2025 as we assume that ships may be able to return... Please follow the link to continue reading.
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