Dry bulk shipping
Latest opinion: 29 Aug 2025
Repair yard days for Capesize ships are climbing again in 2025, this time driven by a wave of retrofits due to EU ETS and FuelEU Maritime regulations.
India’s iron ore imports surged more than 80% YoY in 1H25, driven by strong domestic demand and lower ore prices. This surge comes alongside a significant decline in exports, which have fallen by over 45% during the same period.
Global fertiliser trade is undergoing a structural shift as India cuts its reliance on imports (more so from China), China tightens its overall exports, and Russia and MENA supply more to distant markets.
Severe flooding in Texas has disrupted inland operations of major dry bulk ports in the state, delaying shipments and has the potential to create vessel backlogs. The resulting supply chain congestion would tighten vessel availability, especially in the Atlantic basin, and is expected to drive up freight rates in the region, particularly for time-sensitive cargoes such as grains and fertilisers.
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In addition to detailed market analysis and rigorous forecasting, we offer market leading analysis of the dry bulk market, covering all the principle vessel categories, as well as appraisals of shipping finances, including pricing, operating costs, vessel values and investment returns. We challenge conventional wisdom through our deep understanding of the trade dynamics driving demand for different vessel types in all corners of the world.
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