In its Q2 2023 Shipping Market Overview & Outlook, BIMCO sees a stronger dry bulk market outlook but believes that the recovery is fragile.
On the demand front, BIMCO predicts that global dry bulk demand will grow between 1.5% and 2.5% in 2023, and between 1% and 2% in 2024. As for supply, it is expected to increase by 1.8-2.3% in 2023 and by 1.1-1.6% in 2024.
However, it will not take much to upset this improvement and as previously detailed several demand side risks do exist, not least a potential weaker recovery in China.
