Dry cargo market report dated 10 January 2025
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Dry cargo market report dated 20 December 2024
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USA - North Carolina
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Demand
We expect that ship demand growth will end at 18-19% in 2024 and forecast growth of 3-4% in 2025 followed by a fall of 5-6% in 2026. Compared to our previous forecast, the increased forecast for 2024 is due to stronger than expected volumes into North America and Europe & Mediterranean. This has al... Please follow the link to continue reading.
Supply/demand balance
Despite the fastest growth in supply and the fleet since 2010, the supply/demand balance tightened in 2024. Ship demand has increased as 90% of the capacity that normally transits the Suez Canal has instead been sailing via the Cape of Good Hope, significantly increasing both average sailing distan... Please follow the link to continue reading.
Macro environment
Houthi attacks on ships in the Red Sea continue to severely impact trade lanes that normally transit the Red Sea and the Suez Canal. Transits of the Suez Canal remain approximately 90% lower than at the same time last year. As no resolution is in sight, we have assumed that ships will continue to ... Please follow the link to continue reading.
USA, North Carolina, Wilmington NC - Harbour Authorities
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USA, North Carolina - Wilmington NC
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USA, North Carolina, Morehead City NC - Harbour Authorities
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Sanctions related to the Democratic People’s Republic of Korea (North Korea)
The President of the United States of America has signed an Executive Order ‘Imposing additional sanctions with respect to the Democratic People’s Republic of Korea (North Korea)
