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DRY BULK

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

A large red bulk carrier ship navigating through rough ocean waters, with waves crashing against its hull. The vessel’s deck features cranes and equipment used for handling dry bulk cargo such as coal or iron ore. The deep blue sea contrasts with the ship's red structure, capturing the challenges of maritime trade

February ends with a strong surge in Capes

The dry bulk cargo market closed February with significant gains, mainly driven by the impressive rise in the Capesize sector. The BDI surged as Capes doubled, while other vessel sizes showed mixed trends

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