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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

A large purple dry bulk carrier named "Persistence Diva" sailing at sea, viewed from an aerial perspective

BDI is in a summer mood

The dry bulk cargo market recorded significant losses across all vessel sizes during the week ending Friday, August 1, with Capes and Panamaxes facing double-digit declines and overall activity slowing globally