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Iakovos (Jack) Archontakis, Commercial Director TMC Shipping – Dr. Fotios - Evangelos Karlis, Maritime Executive and Consultant

A large dry bulk carrier sailing through the open ocean under a bright blue sky with scattered clouds. The red deck of the ship extends towards the horizon, equipped with green and black safety equipment. A white wake trails behind the vessel as it moves through calm, deep blue waters. The ship’s hatches are securely closed, indicating it's in transit with cargo. The vast seascape and distant clouds create a sense of scale and movement

Sprint for Panamaxes and Capes

In the week ending March 14, the dry bulk cargo market continued its upward trend, with the BDI increasing by 269 points to reach 1,400, driven by gains across all vessel sizes

A large dry bulk cargo ship docked at an industrial port, with open cargo holds and cranes positioned for loading or unloading. The surrounding infrastructure includes warehouses, chimneys, and conveyor systems, indicating an active shipping hub

The rise of Capes brought an increase in the BDI

The dry bulk cargo market saw an upward trend last week, driven by Capes, which recorded a remarkable 33.23% increase. Conversely, Panamaxes and Ultramaxes experienced declines, while Handies remained positive. The BDI closed at 1,400 credits

dry bulk market_Aerial view of a busy container terminal in North Jakarta, Indonesia, captured by Tom Fisk. A large container ship is docked at the terminal, with towering green gantry cranes unloading and loading containers. The port is filled with neatly stacked multicolored containers, trucks, and equipment actively operating. The calm sea reflects the golden hues of the setting sun, while multiple cargo ships are visible in the distance

Dry bulk cargo market finally on the rise

The dry bulk cargo market saw a remarkable rally last week, with all vessel sizes posting double-digit gains. Capes led the surge, climbing by 38.37%, while Kamsarmaxes, Ultramaxes, and Handies also registered significant increases

Aerial view of a large red oil tanker with a helipad on deck, floating in turquoise waters. The ship’s deck is lined with pipes and cranes, and water is seen being discharged from its side

A glimpse into a dynamic shipping landscape

Analysis and predictions for the Handysize and Ultramax markets for the week starting on 17th February 2025, with an overview of key regions, trends, and developments in the dry bulk sector