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Editorial illustration of a segmented dry bulk carrier beneath a textured red sun, reflecting concentration and specialization in Japanese shipbuilding

Who really builds Japan’s dry bulk fleet?

The SeaNation team presents data from Xclusiv Shipbrokers, Inc., mapping Japan’s dry bulk shipbuilding landscape, yard specialization and orderbook concentration, alongside the latest transactions shaping the global S&P market

Bulk carrier sailing beneath contrasting skies, with sunlight breaking through clouds as darker weather gathers across the horizon

A sea of contrasts: dry bulk at the turn of Q4

Drawing on the week ending 11 September 2026, Iakovos (Jack) Archontakis finds dry bulk entering Q4 with firmer Atlantic pockets, mounting Asian pressure and increasingly decisive regional tonnage imbalances

Typographic illustration of a bulk carrier amid swirling global dry bulk market data, freight routes, rates and directional arrows

Dry bulk at a standstill: a market searching for direction

Dry bulk markets searched for direction as Capesizes weakened and smaller segments firmed during the week ending 11 September 2026, with regional tonnage – cargo balances increasingly shaping freight outcomes

Editorial illustration of a Capesize bulk carrier as a cue ball on a billiards table with commodity-themed balls

The $50,000 Cape is back and owners have the upper hand

The SeaNation team presents data from Xclusiv Shipbrokers, Inc., as Capesize earnings reach five-year highs, Atlantic tonne-mile demand accelerates and strong freight conditions increasingly support secondhand vessel values

Bulk carrier underway at sea, viewed from an elevated angle as it cuts through open water

The tide turns: a firmer sea for Ultramax & Handysize

In its Weekly Market Report & Outlook for the week ending 4 September 2026, Ultramax and Handysize markets firmed as tightening tonnage and stronger demand increasingly shifted leverage towards owners

Bulk carrier loaded with grain alongside a Black Sea export terminal, with silos, conveyors and port infrastructure in view

Black Sea dry bulk drops 42% as disruption deepens

The SeaNation team presents data from Xclusiv Shipbrokers, Inc., showing a sharp summer contraction in Black Sea dry bulk trade as geopolitical disruption increasingly compounds seasonal weakness across Russia and Ukraine