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Drewry Maritime Research forecasts dry bulk charter rates to rise across capesize, panamax, supramax and handysize vessels in 2025, even as Baltic forward freight agreements point lower. Drewry expects dry bulk demand growth to slow to 2.4% from 3.6% in 2024, with grain trade growth slowing.
Drewry's view of firmer charter rates against weaker FFA pricing creates uncertainty for the cost of shipping feed grains and meal, with grain trade growth slowing as a dampener.
Not 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.