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BIMCO warns that supply growth in dry bulk will likely outpace demand in both 2027 and 2028 amid Hormuz and Black Sea disruptions. The shipping body builds two forecast scenarios, one with the Strait of Hormuz effectively closed and one with it open from 2027.
An oversupplied dry bulk market over 2027-2028 would tend to push ocean freight rates lower, reducing the cost of importing grains and meals. The outcome hinges on whether Hormuz reopens, which also affects energy and fertiliser costs.
indiaseatradenews.comISTNNov 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.
