# BIMCO: Geopolitical Risks Cloud Dry Bulk Outlook Through 2028 | Hylios

> 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.

- Date: 2026-11-01 · published 2026-11-01T21:11:42.229Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/70948-bimco-geopolitical-risks-cloud-dry-bulk-outlook-through-2028-hylios
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- hylios.com: https://www.hylios.com/intelligence/bimco-geopolitical-risks-cloud-dry-bulk-outlook-through-2028

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.