AMID all of the seemingly endless ups and downs that have dominated 2025 so far, dry bulk, as it always does, just keeps on going, moving some of the world’s most important commodities across our oceans.

At the end of last year, the almost unanimous prediction for 2025 was that the dry bulk market wasn’t set for its best year ever. Market fundamentals looked pretty weak, especially from China, which accounts for so much of bulk demand.

Have things changed drastically since those predictions were made more than six months ago? So much has happened since the turn of the year after all, with the speed of policy from the White House in the early months of the year almost unprecedented.

Joining editor-in-chief Richard Meade this week are:

• Joshua Minchin, senior reporter, Lloyd’s List

• Greg Miller, senior reporter, Lloyd’s List