Dry cargo market report dated 16 September 2022
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Industry Releasable Threat Bulletin 010 (26 July 2018)
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Supply
We estimate that dry bulk supply will grow by 3-4% in 2024 and 1.5-2.5% in 2025. The dry bulk fleet is expected to grow by 2.9% in 2024 and 2.6% in 2025. Low deliveries and higher recycling will contribute to slower fleet growth. Ship deliveries are forecast to reach 33.3 and 33.9 million DWT in 2... Please follow the link to continue reading.
EU Naval Forces highlight threats to ships with links to Yemen conflict
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Uruguay, Jose Ignacio - Entrance
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Demand
In our main forecast scenario, we assume that a solution to the crisis in Israel and Gaza may be found this year which could in turn also bring the Red Sea attacks to an end. The scenario therefore includes an expectation of a return to normal Red Sea and Suez Canal routings throughout 2025, whereas... Please follow the link to continue reading.
Shipping Industry Launches New Security Resources for World Fleet
International shipping industry organisations, with military support, have launched a new website dedicated to providing comprehensive maritime security guidance to companies and mariners.
Supply/demand balance
Cargo volumes are expected to grow more slowly than the fleet, at 3-4% in both 2024 and 2025 vs. fleet growth of 9.5% in 2024 and 4.9% in 2025. However, the ship supply/demand balance is still expected to strengthen in 2024 as Houthi attacks on ships in the Red Sea force ships to take longer r... Please follow the link to continue reading.
Supply
We forecast that the fleet will have grown 9.6% YoY by the end of 2024 and another 5.5% YoY by the end of 2025. During the three year period from 2023 to 2025, the fleet will therefore expand by 25%, the fastest rate of growth since the three years from 2011 to 2013. The continuing diversion away f... Please follow the link to continue reading.
Lebanon, Zahrani Oil Terminal - Harbour
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