Capes dropped BDI
The dry bulk market fell as Capesize rates plunged, while Kamsarmax, Ultramax, and Handy segments recorded weekly gains, partially offsetting the overall decline
The dry bulk market fell as Capesize rates plunged, while Kamsarmax, Ultramax, and Handy segments recorded weekly gains, partially offsetting the overall decline
The dry bulk market posted a strong performance last week, with Capes and Kamsarmaxes achieving double-digit gains while smaller sizes remained flat compared to the previous week
During the week of May 12–16, 2025, shipping activity slowed due to key maritime events in Europe, revealing subtle shifts in freight market dynamics across Handysize and Ultramax segments globally
The dry bulk market witnessed a significant decline last week, primarily driven by Capesize vessel losses nearing 20%, while smaller vessel sizes showed resilience with either minimal losses or slight gains
Freight rates stay steady in the Mediterranean, with Western routes outperforming. The Middle East Gulf and India show early signs of recovery, driven by new cargoes
The dry bulk cargo market continued to show downward trends in the last week compared to the previous one, with single-digit declines in all sizes