# BIMCO warns of growing pressure on dry bulk market

> BIMCO warns that the effective closure of the Strait of Hormuz and attacks on ships and ports in the Black Sea are clouding the dry bulk outlook for 2027 and 2028. It forecasts supply growth of 3-4% outpacing demand growth of 0.5-2.5% if the strait stays closed, with capesize deliveries accelerating.

- Date: 2026-11-01 · published 2026-11-01T12:08:33.431Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8883-bimco-warns-of-growing-pressure-on-dry-bulk-market
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Supply growth outpacing demand points to weakening dry bulk freight rates over the coming years, which lowers ocean freight costs for grain and meal imports. Energy and fertiliser supply disruption from Hormuz also raises input cost concerns for feed producers.

## Read by commodity

- WTI: bullish ▲
- UREA: bullish ▲
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-05-12 | [Diesel Under Pressure - Fuels Market News](https://feedsoft.ai/events/11771-diesel-under-pressure-fuels-market-news.md) | +3.9% | +15.1% |
| WTI | 2018-06-29 | [Futures File: Oil market on fire; grain prices rally – Greeley Tribune](https://feedsoft.ai/events/11640-futures-file-oil-market-on-fire-grain-prices-rally-greeley-tribune.md) | +0.5% | -6.5% |
| WTI | 2017-11-08 | [Rising oil markets should boost dairy prices -  Premium](https://feedsoft.ai/events/10557-rising-oil-markets-should-boost-dairy-prices-premium.md) | -2.6% | -2.4% |
| WTI | 2025-10-23 | [Oil markets rally following US sanctions on Russian oil giants](https://feedsoft.ai/events/10176-oil-markets-rally-following-us-sanctions-on-russian-oil-giants.md) | +3.3% | +1.6% |
| WTI | 2018-08-28 | [Oil prices rise on expectations of tightening market on supply risks, ETEnergyworld](https://feedsoft.ai/events/63701-oil-prices-rise-on-expectations-of-tightening-market-on-supply-risks.md) | +0.3% | +4.9% |
| UREA | 2026-04-07 | [ICIS provides insight into impacts of US-Iran war on fertilizer markets \| World Fertilizer](https://feedsoft.ai/events/19638-icis-provides-insight-into-impacts-of-us-iran-war-on-fertilizer-markets-world.md) | 0.0% | -10.4% |
| UREA | 2024-03-25 | [Nola urea prices surge on US-Iran conflict \| Latest Market News](https://feedsoft.ai/events/31521-nola-urea-prices-surge-on-us-iran-conflict-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2026-04-01 | [The Iran war’s impacts on global fertilizer markets and food production](https://feedsoft.ai/events/19643-the-iran-war-s-impacts-on-global-fertilizer-markets-and-food-production.md) | +10.6% | +7.6% |

## Sources

- worldcargonews.com: https://www.worldcargonews.com/news/2026/11/bimco-warns-of-growing-pressure-on-dry-bulk-market/

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