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BIMCO's Filipe Gouveia says the effective closure of the Strait of Hormuz is the largest uncertainty for dry bulk, with Black Sea ship and port attacks adding risk. BIMCO presents two scenarios, one with the strait closed through 2027-2028 and one with it open from 2027, and expects the dry bulk balance to weaken gradually as ship deliveries accelerate.
Supply growth of 3-4% against demand growth of 0.5-2.5% points to softer freight rates for bulk carriers, which feeds into landed costs for grains and meals. Reopening Hormuz would add ship capacity and some demand, so freight outcomes depend on how the strait plays out.
cyprusshippingnews.comNov 2, 2026Not enough comparable past events yet for a historical read.
Not 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.
