Dry Bulk
Stay informed with the latest news, analysis, and market insight for the dry bulk shipping industry through our expert coverage
Changing grain trades will create congestion in Atlantic
China is expected to repeat its play from Trump’s first attempt at a trade war and increase soyabean imports from Brazil, creating congestion on South America’s east coast
Russia gains more than Ukraine in vague Black Sea deal
Announcements relating to a Black Sea ceasefire are remarkably thin on details. What is clear though is this deal — if realised in how it’s presented — would fail to boost Ukrainian seaborne trade
Colombian coal warning for capesizes
Glencore company Cerrejon announced it was cutting its coal production in Colombia due to ‘unsustainable’ prices of thermal coal transported by sea
Tariff impact on dry bulk limited, but worse could be to come
The dry bulk sector has escaped the worst of Trump’s ‘Liberation Day’ tariffs, but international retaliation will hurt the sector more
Norden continues capesize fleet modernisation via Japanese newbuild deal
Newbuilding leasing deal boosts Norden’s backlog of new capesize bulkers to six vessels
Plans to levy China-built ships would have hit 30% of arrivals last year
US Trade Representative hearing on China-built ships levy set for March 24. With every sector having a share of ships built, or building, in China all would be subject to a port fee
Geopolitical tensions at Panama Canal still very high despite sale of ports
Shipping could face a major disruption if Trump is not bluffing about taking back the Panama Canal. Hopes that the Hutchison sale would placate the US and solve the problem have been dashed
Coastal corridor prompts surge in Ukrainian bulker trade
Ukraine’s bulk shipments have risen nearly 90% over the past year as temporary maritime corridor takes effect. Russia, meanwhile, must look further afield for markets
Iron ore shipment slump weighs on dry bulk shipping
Iron ore — key to capesize demand — faces uncertain prospects amid sluggish steel consumption and trade tensions
Precious Shipping sees resilient Asian consumers driving continued demand in 2025
Precious Shipping warned that Asean countries may not benefit from greater investment and export gains as happened during the previous Trump administration’s US-China tariff war
Why would US invade Panama? US Senate hearing gives rationale
US Senate hearing speakers theorised that Chinese workers could collapse under-construction bridge over Panama Canal, directed by spies in Balboa and Cristobal ‘observation posts’, to block US military forces from responding to a Chinese attack in Taiwan
Eagle S insurance questions go unanswered as detained cable-cutting tanker ‘loses $70,000 daily’
Russia-trading dark fleet tanker has incurred $2m in losses since it was seized by authorities in Finland on December 26, the vessel’s lawyer told Finnish media
Eagle S detained for a second time by Finnish court
Three companies that owned undersea cables, which were allegedly damaged by the tanker, applied to the court for the seizure of the vessel
Baltic Dry Index sinks to its lowest point in 19 months
Both the panamax and supramax segments continue to struggle but the foundation stone of capesizes has also began to fall consistently
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