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Analyst: It's been a paradoxical year for dry cargo shipping

The balance between supply and demand has been exceptional in 2023. The outlook for next year is better, an analysis shows.
However, the analysis estimates that demand will grow along with the supply of dry cargo vessels in 2024. | Photo: Pr/norden
However, the analysis estimates that demand will grow along with the supply of dry cargo vessels in 2024. | Photo: Pr/norden
by METTE GRUBE CONDRUP

In 2023, the dry cargo market has been affected by an unusual imbalance between supply and demand, according to Drewry, a research house that analyzes and advises on developments in the global shipping sector.

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