# MID-SHIP Report: Dry Bulk Freight Market - Jan 9, 2025 - MID-SHIP Group

> MID-SHIP describes the dry bulk market as oversupplied, with low activity during the post-holiday period and a subdued January expected ahead of the Lunar New Year. Panama Canal transits have normalized, new vessel deliveries are steady, and China's property and debt issues persist. Brazil's corn demand from China fell last year.

- Date: 2025-01-09 · published 2025-01-09T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/26707-mid-ship-report-dry-bulk-freight-market-jan-9-2025-mid-ship-group
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Vessel oversupply and weak Chinese grain demand keep ocean freight rates under pressure, which lowers the cost of shipping grain and oilseeds.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- midship.com: https://midship.com/mid-ship-report-dry-bulk-freight-market-jan-9-2025-2/

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