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A massive, rusted steel sphere sinks into black gravel while three smaller spheres remain upright beneath an overcast grey sky, symbolising diverging dry bulk freight markets

Capes take a hit, but smaller bulkers refuse to follow

Capesize rates plunged, dragging the Baltic Dry Index lower, while smaller vessels resisted the downturn. The week ending 9 October 2026 exposed a dry bulk market moving at sharply different speeds

Charting the Year Ahead

GeoTrends welcomes 2026 with clear horizons informed decisions and safe passages offering trusted geopolitical maritime energy and economic insights for readers worldwide across global waters