# BIMCO Dry Bulk Shipping Market Overview & Outlook - Cyprus Shipping News

> 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.

- Date: 2026-11-02 · published 2026-11-02T09:13:33.237Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/75299-bimco-dry-bulk-shipping-market-overview-and-outlook-cyprus-shipping-news
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

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.

## Read by commodity

- BARGE: neutral
- OCEANFRT: bearish ▼

## Sources

- cyprusshippingnews.com: https://cyprusshippingnews.com/2026/11/02/bimco-dry-bulk-shipping-market-overview-outlook-3/

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