World Perspectives

FOB Prices and Freight Rates App (Updated 17 January)

Ocean Freight Comments - 17 January 2025By Matt HerringtonIn the past month since WPI last provided our freight market commentary, dry bulk ocean freight rates have not done much at all. The holiday doldrums left markets to drift sideways/lower with slack cargo demand and little other excitement. Vessel availability remains “abundant”, which continues to pressure rates. Too, the Lunar New Year holiday period (28 January – 3 February) is approaching quickly, which will put many Asian traders on holiday and further erode spot vessel demand. Analysts now expect flat or declining rates through February or March, with any hopes for rate increases deferred to late March or April. 10172025_Freight_BDI.png 13.18 KB10172025_Freight_Baltic_TC.pn...

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