MID-SHIP Fertilizer – Feb 10, 2025

February 10, 2025

Market Overview:

Market Overview:
It’s been a slow start to the week, with Capes trading off, Panamax sentiment mixed as demand disappoints, Supra’s looking up nearby as prompt vessels were covered last week, and Handy’s appearing positive, albeit in a narrow trading range.

Trade Tariffs? A return to 2018/2019 or more of an escalation this time? Until this week, there has been a lot of noise, but so far, there have been limited tariffs and focused retaliation. Now, teased on Sunday and announced on Monday, it is said to be 25% on all Steel and all Aluminum (redux 2018). It’s hard to plan around this stuff yet.

Subscribe below to receive the full report.