Driven by healthy demand, the dry bulk market was strong throughout most of the first three quarters of 2024. However, in recent months, weaker Chinese import demand paired with a recovery in Panama Canal transits has impacted freight rates negatively. In October, the Baltic Dry Index (BDI) fell 15% month-on-month and after a further fall […] The post Dry bulk contracting falls 70% below average amid low rates appeared first on Container News .