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Aerial view of the Capesize bulk carrier Mount Bolivar sailing through open ocean waters, with vibrant red deck and helipad visible

BDI breaks higher as Capes lead the charge

The dry bulk market surged on Friday, July 25, led by Capes with a nearly 25% rise, pushing the BDI up by 205 points, while smaller vessel categories showed mixed performance

A large Capesize bulk carrier named EFROSSINI sailing at sea under clear skies, photographed from an aerial perspective

Impressive rise for Capes

The dry bulk cargo market surged last week, with Capes posting a remarkable 46.56% rise in profitability. All vessel sizes recorded gains, reflecting heightened demand and strong activity in major shipping routes

Aerial view of a major container port at night with stacked shipping containers, large cranes, and a suspension bridge under a dramatic sky, illustrating high cargo traffic and global logistics complexity

When shipping tariffs turn container lines into strategic masterminds

Trump’s latest tariff threats have shipping giants scrambling like seasoned strategic masterminds, but instead of moving pieces across boards, they’re repositioning entire fleets while major European ports brace for August’s looming trade apocalypse

Nothing new under newbuilding

Dry, tanker and gas newbuilding orders have slowed to a crawl in 2025, as sky-high costs, regulatory haze, and disappointing freight returns fuel restraint. Containers, however, continue to dance against gravity

A Kamsarmax bulk carrier from Oldendorff sailing in open sea, equipped with four large yellow MacGregor electro-hydraulic cranes, SMAG grabs, and visible hatch covers on the deck under clear blue sky

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

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