
Dry Bulk
Stay informed with the latest news, analysis, and market insight for the dry bulk shipping industry through our expert coverage
Crunch time for US port fee threat as final Washington hearings begin
Business leaders have descended on Washington DC to fight the plan to tax US port calls. Will the US bow to industry pressure on proposed port fees, or will Donald Trump go forward anyway on the simplistic premise of ‘China bad, US shipbuilding good’? What happens next will be a litmus test of practicality versus ideology

Bulk carrier values to rise on ship scarcity
Values of dry cargo carriers have stabilised since the end of 2024 but appear set to head upwards

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

Panamax bulkers sold for scrap as recycling candidates on the rise
Cash buyer Wirana Shipping reports four 1990s-built panamax bulk carriers have been sold for scrap amid weak demand for recycled steel

Eagle S owners could abandon tanker, lawyer says
Herman Ljungberg, who represents owners Caravella LLC FZ, said Finnish authorities had ‘no jurisdiction whatsoever’ to board the tanker

Taiwan Navigation offers five-month bonus as 2024 revenue hits near-record high
The remuneration, which consists of one month of performance bonus and four months of end of year bonus, is lower than the year-ago level, however
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