Dry bulk Market: Demand to Grow by up to 2.5% in 2023 BIMCO says
We predict that global dry bulk demand will grow between 1.5% and 2.5% in 2023, and between 1% and 2% in 2024. Average haul is estimated to increase slightly, contributing between 0% and 1% tonne miles in 2023. Sailing distances for coal increased due to sanctions on Russian coal, which came into effect in August 2022. Average haul for iron ore and grains could also rise as Brazil increases exports. According to the International Monetary Fund (IMF), global GDP growth is expected to slow down to 2.8% and 3.0% in ...
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