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BIMCO's Filipe Gouveia says the de facto closure of the Strait of Hormuz is the biggest uncertainty for dry bulk shipping, with attacks on ships and Black Sea port infrastructure adding risk. BIMCO proposes two scenarios for 2027-2028, one with Hormuz closed and one with it open, and expects supply-demand balance to weaken gradually, especially with Capesize deliveries accelerating.
Persistent freight disruption and rising Capesize capacity point to firm but gradually easing dry bulk freight rates, which affects landed costs for imported feed grains and meal.
ship.cnss.com.cnNov 2, 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.
