Demand From ChinaDemand from China for dry bulk imports decreased compared to the prior year due to slower economic growth and previous coal and iron ore inventory stockpiling.
Economic OutlookCharter rates have continued to decline due, in part, to a weak outlook for the economy in China.
Rates And RevenueThere is a reduction in the 2025 TCE rate estimate and revenue due to lower rates and demand, leading to a forecasted loss per share.