Dry bulk shipping is quietly racking up impressive stock market gains
- Year to date, the capesize index is up 82% vs same period in 2025, with panamax index up 56% and the supramax index up 52%
- US-listed dry bulk stocks with market caps over $300m are up 37% year to date; the SPDR ETF, which tracks the S&P 500, is up only 5%
- Over the past year, dry bulk stocks are up 91%, with SPDR up 29%
- More public M&A could be coming: Diana announced hostile tender offer for all remaining shares of Genco on Monday
Tankers are garnering all the headlines, given geopolitical events. But when it comes to shipping stocks, don’t forget about dry bulk. These equities are enjoying their own bull run
