BIMCO Search Results

Demand

In our base scenario, we expect cargo demand to grow by 2.5-3.5% in 2023, 0.5-1.5% in 2024 and 1-2% in 2025.   Average haul could increase by between 0.5% and 1.5% in 2023 and between 0% and 1% in both 2024 and 2025. From 2024 onwards, there may be a decrease in shipments of coal, which is a comm... Please follow the link to continue reading.

Supply/demand balance

Average freight rates weakened in the second half of 2022 but have begun to recover during the last three months. Since the first quarter, earnings for Capesize ships have significantly increased, although earnings for smaller bulk carriers have slightly decreased. Nonetheless, spot rates remain abo... Please follow the link to continue reading.