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BALTIC DRY INDEX

Black and white photograph of a small wooden boat carrying two silhouetted figures crossing a vast, calm sea under a featureless overcast sky

Decks and Deals Weekly #33

From February 22 to 28, 2026, the global shipping market absorbed three simultaneous shocks: a US-Israeli strike on Iran closed Hormuz, Panama ejected Hutchison, and container rates logged their seventh straight weekly decline

A cargo ship advancing through massive waves under stormy skies, symbolizing resilience and navigation through challenging market conditions

Dry bulk under pressure: A market searching for traction

Dry bulk freight markets started the year under sustained pressure, with earnings sliding across all vessel classes, based on data from the week that closed on January 9, 2026, highlighting fragile sentiment and muted demand