# BIMCO: Strong Bulk Market May Cool As 2025 Nears

> 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.

- Date: 2024-08-01 · published 2024-08-01T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/17009-bimco-strong-bulk-market-may-cool-as-2025-nears
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- marinelink.com: https://www.marinelink.com/news/bimco-strong-bulk-market-may-cool-nears-515632

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.