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Normalisation of ship routings could cool dry bulk market

Editor by Editor
7 months ago
Reading Time: 1 min read
Dry-Bulk-Shipping-Market-Overview-Outlook-April-2024-Full-report

Dry bulk freight rates are expected to stay strong in the near term but could cool starting in the second half of 2024. As transits through the Red Sea and Panama Canal rebound, sailing distances are expected to shorten. In 2025, freight rates may weaken as supply grows faster than demand. Source: BIMCO

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