Seaborne volumes of dry commodities will take a hit this year, especially iron ore and coal, which could cut demand for the largest bulkers by 2%, according to a trade data consultancy.
Tradeviews forecasts that the total volume of seaborne dry cargo trade will fall by 1% this year from 2024 levels during a “challenging year for demand growth”.
“This is because while some commodity groups are growing, others are shrinking,” it said in its outlook report on Tuesday.
