BIMCO Search Results

Demand

We forecast dry bulk demand to grow by 4.5-5.5% in 2024 and to fall 1-2% in 2025. Cargo volumes are expected to grow by 1.5-2.5% in 2024 and by 0-1% in 2025. For 2024, we have revised our estimates up 1 percentage point due to stronger than expected iron ore shipments to China during the second quar... Please follow the link to continue reading.

Supply/demand balance

Overall, we expect a marginal tightening of the supply/demand balance until the end of 2024. Supply is expected to increase by 1-2% in 2023 and in 2024, while demand growth is predicted at 1.5-2.5% in 2023 and 1-2% in 2024. Under our low demand scenario, the supply/demand balance could weaken, parti... Please follow the link to continue reading.