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FREIGHT MARKETS

A minimalist editorial image showing a vintage balance scale on a white surface. One side holds distinct piles of nickel ore, bauxite, soybeans, wheat and clinker, while the other supports an abstract metallic dry bulk vessel. The scale tilts slightly toward the vessel side. Soft natural light, clean background and Monocle-style composition

The dry bulk rally is no longer just about iron ore

Stronger freight earnings, diversified commodity demand and rising vessel utilisation have pushed dry bulk asset values sharply higher, reinforcing buyer confidence and supporting secondhand prices across virtually all vessel segments

Minimalist airport-style waiting area with four seats labelled Cape, Kamsarmax, Ultramax and Handy, a fallen Panamax plaque on the floor, large windows overlooking a darkening horizon, and a newspaper resting on a nearby table

Calm before the storm: dry bulk market holds its breath

During the week ending 19 June 2026, dry bulk freight markets remained largely stable as owners and charterers waited for greater clarity on the evolving Iran–U.S. agreement, with Panamaxes providing the market’s main source of volatility

Miniature merchant vessels positioned across a large wooden table in a dimly lit strategic setting, with one vessel appearing recently moved, creating a sense of decision-making, uncertainty and competitive interaction

The freight market is not a market. It is a game

Game Theory reveals a simple truth about shipping: freight markets do not move through numbers alone, but through expectations, strategic choices and the constant anticipation of others’ next moves

Aerial view of a crude oil tanker underway on open turquoise water, helipad visible amidships

Decks and Deals Weekly #34

The week of March 1–7, 2026, handed global shipping its most disruptive seven days in decades: the Strait of Hormuz closed, tanker rates shattered records, and insurers quietly finished what the missiles started

A miniature sailing ship inside a glass bottle, reflected on a dark surface, photographed in vintage black-and-white style

Decks and Deals Weekly #32

During the week of 15–21 February 2026, global shipping was reshaped by Hapag-Lloyd’s $4.2bn ZIM bid, Hormuz tensions, surging tanker rates, container overcapacity, Ukrainian port strikes, and bold Greek newbuilding orders