Dry bulk freight rates fall further on weak demand
MSI31 January 20251 Minute
Capesize sailing speeds fall to record lows and grain shipments to China halve as the dry bulk market continues to weaken.
MSI’s recent dry bulk report noted that its model showed that demand growth in 2024 was supported by inefficiencies in the market particularly the drought restrictions in the Panama Canal earlier in the year and rerouting from the Suez Canal to the Cape of Good Hope. Read more at SeatradeMaritime.