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Dry Bulk Annual Outlook Energy

Dry bulk: Tighter supply to balance demand drop-offs

  • Demand growth forecast to fall in 2025 as China struggles to hit GDP targets 
  • Panamaxes pull down capesize rally attempts
  • Low orderbook and ageing fleet leaves Norden feeling bullish 

  • Analysis

On a positive note, restrained fleet growth combined with slower sailing speeds and greater recycling, prompted by weaker rates and coming emissions regulations, will prevent 2025 from being a true annus horribilis

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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