Shipping: Freight Rate Market Uncertainty to Dominate 2025
Uncertainty is bound to be the mainstay of 2025, when it comes to the freight market direction, both the dry bulk and the wet ones. In its latest weekly report, shipbroker Xclusiv said that “the dry bulk market has witnessed a sharp decline in freight rates across various vessel segments in the lead-up to the Year of the Snake, coinciding with the traditional Chinese New Year shutdowns across businesses and industries. Capesize rates have taken a significant hit, with the 5TC Average closing the week at 8,156 USD/day, a 29% ...
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