# Dry bulk shipowners face challenging 2020

> ShippingWatch reports that dry bulk rates have fallen almost 30% since the start of 2020, according to the Baltic Dry Index. Analysts link the weakness to the Chinese New Year, the US-China trade dispute, and the 2019 Brazilian iron ore disruption. Bimco expects 2020 to bring further challenges as the fleet grew faster than demand in 2019.

- Date: 2020-01-17 · published 2020-01-17T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/55284-dry-bulk-shipowners-face-challenging-2020
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A weak dry bulk market keeps ocean freight costs low for grain and oilseed shipments, which narrows export margins for origins and affects delivered prices. Persistent overcapacity suggests freight rates may stay soft through the year.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- shippingwatch.com: https://shippingwatch.com/carriers/Bulk/article11882996.ece

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