# Dry Bulk Shipping: US tariff increases drive weaker demand outlook | World Ports Organization

> World Ports Organization analysis estimates that US and China tariffs in effect from April 25 directly affect 4% of dry bulk tonne-miles. It forecasts weaker iron ore and coal shipments in 2025-2026 and says freight rates will stay below 2024 levels, with panamax the weakest segment.

- Date: 2025-04-30 · published 2025-04-30T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/25318-dry-bulk-shipping-us-tariff-increases-drive-weaker-demand-outlook-world-ports
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower expected dry bulk freight rates reduce ocean freight costs for grain and oilseed importers. The weaker panamax outlook points to softer grain shipping demand.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- worldports.org: https://www.worldports.org/dry-bulk-shipping-us-tariff-increases-drive-weaker-demand-outlook/

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