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BIMCO has issued a cautious dry bulk outlook for 2027 and 2028, built on two scenarios: one where the Strait of Hormuz stays effectively closed and one where it reopens. Under both, dry bulk demand growth is projected at only 0.5 to 2.5 percent a year while fleet supply grows 3 to 4 percent.
Attacks on Black Sea shipping are also cited as blocking Russian and Ukrainian grain and fertilizer exports.
A forecast of fleet growth outpacing cargo demand points to weaker bulk freight rates and lower carrier margins over the coming years. Lower freight costs would partly offset higher grain and fertilizer delivery costs for buyers.
hylios.comHylios EditorialNov 1, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
