Dry bulk market: demand to grow by up to 2.5pc in 2023.

Experts predict that global dry bulk demand will grow between 1.5 percent and 2.5 percent in 2023, and between 1 percent and 2 percent in 2024. Average haul is estimated to increase slightly, contributing between 0 percent and 1 percent tonne miles in 2023. Sailing distances for coal increased due to sanctions on Russian coal, which came into effect in August 2022. Average haul for iron ore and grains could also rise as Brazil increases exports. According to the International Monetary Fund (IMF), global GDP growth is expected to slow down to 2.8...