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BIMCO sees 2024 as more favourable year for dry bulk

A tightening in supply/demand balances next year will make the dry bulk market more sensitive to shocks, whether positive or negative, says shipping association BIMCO

Against the backdrop of a weakening economy and uncertainties around Chinese demand, average dry bulk rates are expected to be softer next year, but a rebound could be on the cards in 2024

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