Oslo -- “On the strength of demand in trade lanes not bound for the US, we have increased our ship demand growth forecast for 2025 to 4.5-5.5% while maintaining it at 2.5-3.5% for 2026. We now expect a balanced supply/demand development in 2026 while expecting average market conditions in 2025 to be worse than in 2024,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.
With few exceptions, the US tariff increases presented on “Liberation Day” are now implemented in full. In addition, several commodity specific tariff increases have increased.
Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.
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