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Aerial view of a large offshore drilling platform or semi-submersible vessel moored at an industrial shipyard facility surrounded by calm blue waters, with multiple construction cranes, support vessels, and mountainous coastline visible in the background under overcast skies

Shipbuilding slows sharply—Except for the Greeks

Global newbuilding orders have collapsed, yet Greek shipowners are bucking the trend—placing over $2.2 billion in fresh contracts, as the industry grapples with trade wars, fuel dilemmas, and regulatory fog

A teal-colored banner with the words “Welcome to Nor-Shipping” in large yellow and white letters, partially shadowed by structural patterns and surrounded by out-of-focus yellow-green foliage

Navigating the crosscurrents at Nor-Shipping 2025

Held in Oslo from June 2 to 6, Nor-Shipping 2025 brought together global maritime leaders to explore decarbonisation, digital disruption, and the evolving geopolitics shaping the future of shipping and sustainability

A large Capesize bulk carrier named “UNIVERSAL PIONEER” sailing at sea, viewed from the front, underway

Large sizes pulled the freight market up

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

A busy container port at dusk with towering gantry cranes and stacked shipping containers in various colors, reflecting the global logistics and maritime trade industry

Dry bulk market remains stable with minor losses

The dry bulk market saw slight losses of -1.5%, with Capes in the red while other sizes closed positively. The BDI dropped by just 26 points, settling at 1,643 on March 21

A large dry bulk carrier sailing through the open ocean under a bright blue sky with scattered clouds. The red deck of the ship extends towards the horizon, equipped with green and black safety equipment. A white wake trails behind the vessel as it moves through calm, deep blue waters. The ship’s hatches are securely closed, indicating it's in transit with cargo. The vast seascape and distant clouds create a sense of scale and movement

Sprint for Panamaxes and Capes

In the week ending March 14, the dry bulk cargo market continued its upward trend, with the BDI increasing by 269 points to reach 1,400, driven by gains across all vessel sizes