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Aerial illustration of two bulk carriers navigating a dark blue ocean made of folded fabric, their white wakes cutting through textured waves, symbolising divergent fortunes in Ultramax and Handysize freight markets

Ultramax & Handysize: same seas, different fortunes

Ultramax and Handysize freight markets remained firm during the week ending 9 October 2026, but regional imbalances, vessel positioning and rising operating risks increasingly determined where owners could secure stronger returns

A massive, rusted steel sphere sinks into black gravel while three smaller spheres remain upright beneath an overcast grey sky, symbolising diverging dry bulk freight markets

Capes take a hit, but smaller bulkers refuse to follow

Capesize rates plunged, dragging the Baltic Dry Index lower, while smaller vessels resisted the downturn. The week ending 9 October 2026 exposed a dry bulk market moving at sharply different speeds

Black-and-white view of a cargo ship with deck cranes beyond a breaking wave beneath an overcast sky

Decks and Deals Weekly #52

During 3–9 October 2026, shipping markets priced scarce tanker capacity, discounted container space and exposed the distance between an impressive freight assessment and a bankable return

A nearly empty matchbox holds one remaining match, its head transformed into a miniature dry bulk carrier

Dry bulk’s October test: prompt tonnage takes control

Ultramax and Handysize markets enter October fragmented, as the week ending 2 October 2026 reveals prompt tonnage, positioning and timing increasingly determining where owners can defend rates and retain leverage

Worker using an angle grinder to remove rust from a ship’s curved steel hull

Decks and Deals Weekly #51

During 26 September–2 October 2026, shipping markets rewarded control of vessels, contracts and access. Cargo recovery brought fresh opportunities, but the gains depended on who could actually deliver

Close-up of a weathered ship’s hull with rust-streaked grey and orange paint and a dark rectangular opening

Decks and Deals Weekly #50

During 19–25 September 2026, shipping markets weighed Trump–Xi trade pledges against tanker bottlenecks and rising war-risk costs. Diplomatic relief mattered; dependable passage still carried a formidable price