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Tariffs to Drive Weaker Dry Bulk Demand, BIMCO

Dry bulk’s supply/demand balance will weaken in 2025 and 2026 due to the U.S.-China tariff tit-for-tats, according to international shipping association BIMCO.             Tariff increases are expected to directly affect 4 percent of dry bulk tonne-mile demand, as shipments to the U.S. may stagnate or decrease. China, on the contrary, is expected to increase purchases of dry bulk cargoes from other countries, leading the U.S. to seek alternative markets.             “Since our ... [+]