Loading…
BIMCO's July 2024 outlook expects dry bulk supply to grow 3-4% in 2024 and demand 4.5-5.5%, with demand weakening in 2025. Freight rates are forecast to stay strong through 2024 and weaken in 2025 if the Panama Canal normalises and Red Sea shipping resumes.
Ships are assumed not to return to the Red Sea until 2025.
A tighter 2024 freight market supports bulk shipping costs for grain and feed ingredients, while the expected 2025 easing could lower freight costs for importers.
marinelink.comAug 1, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
