Dry bulk shipping went into 2026 in stronger than expected position, but will the market hold up?
In the third part of our shipping market outlook series, we are focusing on the dry bulk sector with Will Fray, a Director of Maritime Strategies International (MSI).
Speaking about the dry bulk market in 2025 to the Seatrade Maritime Podcast resilience is the word that Will uses.
By this he means resilience to various external factors such as tariffs and the now suspended USTR port fees on Chinese built and owned vessels and on fundamental basis that the fleet grew by 3% but demand only grew by 0.5% in terms on tonnes traded. “So, it's quite remarkable that dry bulk earnings only fell by around 10% year on year,” he says.
Listen to the full episode to find out where the markets are headed.
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