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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

Aerial editorial-style image of a vast logistics and infrastructure landscape combining ports, rail networks, energy facilities, warehouses, and cargo aviation infrastructure. At the center lies a large unfinished blueprint-like void marked by faint planning lines, surrounded by interconnected systems rendered in muted grey and steel-blue tones

When these wars end…

The wars in Ukraine and the Middle East are accelerating a historic redistribution of power, ensuring that the world emerging from these conflicts will look nothing like the one we know today