Dry-bulk freight market surges on strong demand and tightening tonnage supply, with DBPI pressure index jumping 118 points day-over-day.
Global supply & demand
The dry-bulk freight market is experiencing a significant surge in demand, with the DBPI pressure index rising to 2114.7, up 118 points from the previous day. This increase is driven by a tightening of tonnage supply, as evidenced by the laden sailing ratio (LSR) remaining steady at 58%. The laden-vs-ballast split shows 369M dwt laden versus 271M dwt ballast, indicating a strong demand for cargo-carrying vessels. The world port/sea ratio is currently at 0.54, which is supportive of the market as it suggests that more tonnage is sailing than is tied up in ports.
The overall trajectory of the market appears to be firming, driven by the Capesize segment which has seen a significant increase in rates, led by the North Australia to North China route. This surge in demand is likely due to increased cargo volumes and a shortage of available tonnage, leading to upward pressure on freight rates.
The global supply and demand picture is further supported by the fact that the LSR is holding steady, indicating that the market is absorbing the available tonnage. The world port/sea ratio also suggests that there is more tonnage at sea than in ports, which is a bullish sign for the market.
Band-by-band breakdown
Every tonnage band we track, in size order - its assessed rate, momentum versus a balanced market, and the load regions driving it. A band still accruing enough tracked activity is shown as building.
0-5K - ~$4427/day ($+157 d/d); 2477 voyages, 5155399 kt-miles tracked
Momentum: +26% vs balanced, +1.4% day (relative to a balanced market).
SOUTH NORWAY - ~$7590/day
Supply/demand - 14 ships open (~52k dwt); inbound ballast 17 vs laden 24; ballast-share 38%; demand-pull rel 1.60; scarcity 1.30. Leading signal - 7-day ballast-pull +0% (ballast interest broadly steady). Load hubs where cargo is concentrating: Rekefjord (PAI 7.8), Kragero (PAI 4.6), Eikefet (PAI 4.5). Busiest lanes out - SOUTH NORWAY→GERMANY (59 voyages, ~$5423/day); SOUTH NORWAY→DENMARK (63 voyages, ~$5423/day); SOUTH NORWAY→NETHERLANDS (34 voyages, ~$5423/day).
NETHERLANDS - ~$6753/day
Supply/demand - 52 ships open (~181k dwt); inbound ballast 12 vs laden 22; ballast-share 38%; demand-pull rel 1.42; scarcity 1.17. Leading signal - 7-day ballast-pull +20% (empty ships building toward this load zone (firming)). Load hubs where cargo is concentrating: Vlissingen (PAI 9.8), Amsterdam (PAI 9.2), Velsen Noord (PAI 7.7). Busiest lanes out - NETHERLANDS→SPAIN (30 voyages, ~$4895/day); NETHERLANDS→SOUTH NORWAY (27 voyages, ~$4895/day); NETHERLANDS→SOUTH UNITED KINGDOM (50 voyages, ~$4895/day).
RUSSIA - ~$5592/day
Supply/demand - 34 ships open (~122k dwt); inbound ballast 66 vs laden 79; ballast-share 46%; demand-pull rel 1.18; scarcity 0.79. Leading signal - 7-day ballast-pull -13% (ballast interest thinning here (softening)). Load hubs where cargo is concentrating: Astrakhan (PAI 9.4), Rostov-On-Don (PAI 8.3). Busiest lanes out - RUSSIA→IRAN (26 voyages, ~$6202/day); RUSSIA→WEST TURKEY (19 voyages, ~$6202/day); RUSSIA→NORTH TURKEY (19 voyages, ~$6202/day).
SPAIN - ~$7590/day
Supply/demand - 15 ships open (~59k dwt); inbound ballast 21 vs laden 18; ballast-share 49%; demand-pull rel 1.60; scarcity 1.02. Leading signal - 7-day ballast-pull +75% (empty ships building toward this load zone (firming)). Busiest lanes out - SPAIN→NETHERLANDS (19 voyages, ~$4888/day); SPAIN→SOUTH UNITED KINGDOM (22 voyages, ~$4888/day); SPAIN→NORTH UNITED KINGDOM (18 voyages, ~$4888/day).
GERMANY - ~$7011/day
Supply/demand - 15 ships open (~53k dwt); inbound ballast 10 vs laden 17; ballast-share 38%; demand-pull rel 1.48; scarcity 1.30. Leading signal - 7-day ballast-pull +0% (ballast interest broadly steady). Load hubs where cargo is concentrating: Hamburg (PAI 20.2), Rostock (PAI 17.6), Brake (PAI 10.0). Busiest lanes out - GERMANY→SOUTH NORWAY (29 voyages, ~$4934/day); GERMANY→NORTH UNITED KINGDOM (27 voyages, ~$4934/day); GERMANY→NORTH NORWAY (6 voyages, ~$4934/day).
5-10K - ~$5856/day ($+134 d/d); 1766 voyages, 10018473 kt-miles tracked
Momentum: +13% vs balanced, -1.9% day (relative to a balanced market).
RUSSIA - ~$9083/day
Supply/demand - 33 ships open (~233k dwt); inbound ballast 88 vs laden 30; ballast-share 72%; demand-pull rel 1.50; scarcity 0.70. Leading signal - 7-day ballast-pull -9% (ballast interest thinning here (softening)). Load hubs where cargo is concentrating: Rostov-On-Don (PAI 7.4). Busiest lanes out - RUSSIA→WEST TURKEY (28 voyages, ~$9137/day); RUSSIA→NORTH TURKEY (32 voyages, ~$9137/day); RUSSIA→IRAN (12 voyages, ~$9137/day).
VIETNAM - ~$5513/day
Supply/demand - 25 ships open (~172k dwt); inbound ballast 8 vs laden 16; ballast-share 39%; demand-pull rel 0.91; scarcity 0.96. Leading signal - 7-day ballast-pull -11% (ballast interest thinning here (softening)). Busiest lanes out - VIETNAM→PHILIPPINES (27 voyages, ~$6850/day); VIETNAM→SOUTH KOREA (4 voyages, ~$6850/day); VIETNAM→VIETNAM (30 voyages, ~$6850/day).
SOUTH NORWAY - ~$5987/day
Supply/demand - 9 ships open (~65k dwt); inbound ballast 5 vs laden 11; ballast-share 40%; demand-pull rel 0.99; scarcity 1.30. Leading signal - 7-day ballast-pull -29% (ballast interest thinning here (softening)). Busiest lanes out - SOUTH NORWAY→GERMANY (34 voyages, ~$5621/day); SOUTH NORWAY→DENMARK (31 voyages, ~$5621/day); SOUTH NORWAY→NETHERLANDS (18 voyages, ~$5621/day).
SOUTH JAPAN - ~$9586/day
Supply/demand - 9 ships open (~65k dwt); inbound ballast 14 vs laden 13; ballast-share 49%; demand-pull rel 1.59; scarcity 1.08. Leading signal - 7-day ballast-pull +75% (empty ships building toward this load zone (firming)). Load hubs where cargo is concentrating: Fukuyama (PAI 4.2). Busiest lanes out - SOUTH JAPAN→MID CHINA (13 voyages, ~$7081/day); SOUTH JAPAN→SOUTH KOREA (28 voyages, ~$7081/day); SOUTH JAPAN→THAILAND (3 voyages, ~$7081/day).
WEST INDONESIA - ~$7336/day
Supply/demand - 22 ships open (~168k dwt); inbound ballast 12 vs laden 22; ballast-share 39%; demand-pull rel 1.22; scarcity 1.05. Leading signal - 7-day ballast-pull +0% (ballast interest broadly steady). Load hubs where cargo is concentrating: Surabaya (PAI 5.0). Busiest lanes out - WEST INDONESIA→WEST INDONESIA (73 voyages, ~$8084/day); WEST INDONESIA→EAST INDONESIA (11 voyages, ~$8084/day); WEST INDONESIA→NORTH JAPAN (1 voyages, ~$8084/day).
10-17.5K - ~$8321/day ($-456 d/d); 691 voyages, 17021753 kt-miles tracked
Momentum: +14% vs balanced, -1.1% day (relative to a balanced market).
SOUTH JAPAN - ~$12628/day
Supply/demand - 18 ships open (~241k dwt); inbound ballast 26 vs laden 24; ballast-share 49%; demand-pull rel 1.46; scarcity 1.01. Leading signal - 7-day ballast-pull +44% (empty ships building toward this load zone (firming)). Load hubs where cargo is concentrating: Fukuyama (PAI 8.8), Kobe (PAI 4.2). Busiest lanes out - SOUTH JAPAN→THAILAND (21 voyages, ~$12923/day); SOUTH JAPAN→VIETNAM (11 voyages, ~$12923/day); SOUTH JAPAN→WEST INDONESIA (8 voyages, ~$12923/day).
WEST INDONESIA - ~$13806/day
Supply/demand - 11 ships open (~137k dwt); inbound ballast 7 vs laden 7; ballast-share 47%; demand-pull rel 1.60; scarcity 1.29. Leading signal - 7-day ballast-pull -46% (ballast interest thinning here (softening)). Busiest lanes out - WEST INDONESIA→SOUTH JAPAN (17 voyages, ~$9715/day); WEST INDONESIA→NORTH JAPAN (8 voyages, ~$9715/day); WEST INDONESIA→NORTH CHINA (6 voyages, ~$9715/day).
EAST INDONESIA - ~$10276/day
Supply/demand - 4 ships open (~50k dwt); inbound ballast 5 vs laden 10; ballast-share 42%; demand-pull rel 1.19; scarcity 1.11. Leading signal - 7-day ballast-pull -50% (ballast interest thinning here (softening)). Load hubs where cargo is concentrating: Obi Island (PAI 4.3). Busiest lanes out - EAST INDONESIA→SOUTH CHINA (13 voyages, ~$9574/day); EAST INDONESIA→MID CHINA (9 voyages, ~$9574/day); EAST INDONESIA→NORTH CHINA (6 voyages, ~$9574/day).
MID CHINA - ~$9951/day
Supply/demand - 19 ships open (~255k dwt); inbound ballast 14 vs laden 24; ballast-share 41%; demand-pull rel 1.15; scarcity 0.95. Leading signal - 7-day ballast-pull -7% (ballast interest thinning here (softening)). Load hubs where cargo is concentrating: Shanghai (PAI 7.3). Busiest lanes out - MID CHINA→SOUTH MALAYSIA (7 voyages, ~$12923/day); MID CHINA→WC INDIA (4 voyages, ~$12923/day); MID CHINA→EAST INDONESIA (4 voyages, ~$12923/day).
VIETNAM - ~$11598/day
Supply/demand - 13 ships open (~181k dwt); inbound ballast 7 vs laden 10; ballast-share 44%; demand-pull rel 1.34; scarcity 1.03. Leading signal - 7-day ballast-pull -22% (ballast interest thinning here (softening)). Load hubs where cargo is concentrating: Ho Chi Minh (PAI 4.2). Busiest lanes out - VIETNAM→SOUTH JAPAN (7 voyages, ~$9506/day); VIETNAM→PHILIPPINES (8 voyages, ~$9506/day); VIETNAM→NORTH JAPAN (3 voyages, ~$9506/day).
17.5-30K - ~$12495/day ($+115 d/d); 46 voyages, 3991894 kt-miles tracked
Momentum: +36% vs balanced, +0.7% day (relative to a balanced market).
NORTH CHINA
Leading signal - 7-day ballast-pull -10% (ballast interest thinning here (softening)). Load hubs where cargo is concentrating: Tianjin (PAI 6.7). Busiest lanes out - NORTH CHINA→WEST INDONESIA (8 voyages, ~$15380/day); NORTH CHINA→EAST INDONESIA (4 voyages, ~$15380/day).
WEST INDONESIA
Leading signal - 7-day ballast-pull +5% (empty ships building toward this load zone (firming)). Busiest lanes out - WEST INDONESIA→SOUTH JAPAN (9 voyages, ~$13067/day).
SOUTH BRAZIL
Leading signal - 7-day ballast-pull +0% (ballast interest broadly steady). Busiest lanes out - SOUTH BRAZIL→ALGERIA (2 voyages, ~$9199/day); SOUTH BRAZIL→GAMBIA (3 voyages, ~$9199/day).
FINLAND
Leading signal - 7-day ballast-pull +50% (empty ships building toward this load zone (firming)). Busiest lanes out - FINLAND→USEC (6 voyages, ~$10267/day).
USEC
Leading signal - 7-day ballast-pull -21% (ballast interest thinning here (softening)). Busiest lanes out - USEC→WEST INDONESIA (2 voyages, ~$13468/day).
30-47K - ~$11976/day ($-175 d/d); 118 voyages, 20853262 kt-miles tracked
Momentum: +40% vs balanced, +0.0% day (relative to a balanced market).
NEW ZEALAND
Leading signal - 7-day ballast-pull -21% (ballast interest thinning here (softening)). Load hubs where cargo is concentrating: Tauranga (PAI 6.1). Busiest lanes out - NEW ZEALAND→NORTH CHINA (24 voyages, ~$9437/day); NEW ZEALAND→MID CHINA (7 voyages, ~$9437/day).
NORTH ARGENTINA
Leading signal - 7-day ballast-pull -11% (ballast interest thinning here (softening)). Load hubs where cargo is concentrating: San Lorenzo (PAI 32.7), Rosario (PAI 12.1). Busiest lanes out - NORTH ARGENTINA→MOROCCO (10 voyages, ~$15044/day); NORTH ARGENTINA→ALGERIA (7 voyages, ~$15044/day).
USEC
Leading signal - 7-day ballast-pull +6% (empty ships building toward this load zone (firming)). Load hubs where cargo is concentrating: New Orleans (PAI 10.1). Busiest lanes out - USEC→MOROCCO (11 voyages, ~$17267/day); USEC→MEXICO (21 voyages, ~$17267/day).
WC CANADA
Leading signal - 7-day ballast-pull -25% (ballast interest thinning here (softening)). Load hubs where cargo is concentrating: Vancouver (PAI 8.5). Busiest lanes out - WC CANADA→SOUTH JAPAN (14 voyages, ~$7020/day).
BALTIC RUSSIA
Leading signal - 7-day ballast-pull -25% (ballast interest thinning here (softening)). Load hubs where cargo is concentrating: St Petersburg (PAI 7.9), Ust-Luga (PAI 7.8). Busiest lanes out - BALTIC RUSSIA→SOUTH BRAZIL (7 voyages, ~$13679/day).
47-55K - ~$15631/day ($+173 d/d); 132 voyages, 10391359 kt-miles tracked
Momentum: +51% vs balanced, +0.0% day (relative to a balanced market).
NORTH CHINA
Leading signal - 7-day ballast-pull -38% (ballast interest thinning here (softening)). Load hubs where cargo is concentrating: Caofeidian (PAI 12.6), Huanghua (PAI 12.3), Qinhuangdao (PAI 11.3). Busiest lanes out - NORTH CHINA→MID CHINA (81 voyages, ~$20327/day).
WEST INDONESIA
Leading signal - 7-day ballast-pull +29% (empty ships building toward this load zone (firming)). Busiest lanes out - WEST INDONESIA→COMORES ISLANDS (4 voyages, ~$20327/day); WEST INDONESIA→EAST INDONESIA (13 voyages, ~$20327/day).
SOUTH CHILE
Busiest lanes out - SOUTH CHILE→NORTH CHINA (2 voyages, ~$6576/day).
NORTH BRAZIL
Leading signal - 7-day ballast-pull -25% (ballast interest thinning here (softening)). Busiest lanes out - NORTH BRAZIL→SOUTH JAPAN (2 voyages, ~$9429/day).
SOUTH BRAZIL
Leading signal - 7-day ballast-pull -25% (ballast interest thinning here (softening)). Busiest lanes out - SOUTH BRAZIL→SOUTH CHINA (2 voyages, ~$9429/day).
55-68K - ~$15973/day ($+1258 d/d); 119 voyages, 47330831 kt-miles tracked
Momentum: +56% vs balanced, +0.0% day (relative to a balanced market).
SOUTH BRAZIL
Leading signal - 7-day ballast-pull -5% (ballast interest thinning here (softening)). Load hubs where cargo is concentrating: Santos (PAI 16.7). Busiest lanes out - SOUTH BRAZIL→BANGLADESH (12 voyages, ~$15598/day); SOUTH BRAZIL→USEC (18 voyages, ~$15598/day); SOUTH BRAZIL→SOUTH MALAYSIA (6 voyages, ~$15598/day).
EAST SOUTH AFRICA
Leading signal - 7-day ballast-pull +13% (empty ships building toward this load zone (firming)). Load hubs where cargo is concentrating: Richards Bay (PAI 8.4), Durban (PAI 7.2), Port Elizabeth (PAI 6.7). Busiest lanes out - EAST SOUTH AFRICA→NORTH CHINA (17 voyages, ~$13269/day); EAST SOUTH AFRICA→PAKISTAN (14 voyages, ~$13269/day).
PERU
Leading signal - 7-day ballast-pull -24% (ballast interest thinning here (softening)). Busiest lanes out - PERU→NORTH CHINA (9 voyages, ~$11562/day).
NORTH CHINA
Leading signal - 7-day ballast-pull +13% (empty ships building toward this load zone (firming)). Load hubs where cargo is concentrating: Tianjin (PAI 16.9), Caofeidian (PAI 8.6), Lianyungang (PAI 7.9). Busiest lanes out - NORTH CHINA→PERU (7 voyages, ~$22502/day).
WEST INDONESIA
Leading signal - 7-day ballast-pull -3% (ballast interest broadly steady). Load hubs where cargo is concentrating: Taboneo Anch (PAI 8.3), Meulaboh (PAI 5.5). Busiest lanes out - WEST INDONESIA→WC INDIA (23 voyages, ~$22583/day).
68-90K - ~$19101/day ($+38 d/d); 378 voyages, 97340251 kt-miles tracked
Momentum: +44% vs balanced, -0.6% day (relative to a balanced market).
EAST AUSTRALIA
Leading signal - 7-day ballast-pull -7% (ballast interest thinning here (softening)). Load hubs where cargo is concentrating: Newcastle (PAI 24.9). Busiest lanes out - EAST AUSTRALIA→SOUTH JAPAN (36 voyages, ~$16349/day); EAST AUSTRALIA→SOUTH CHINA (33 voyages, ~$16349/day).
SOUTH BRAZIL
Leading signal - 7-day ballast-pull +9% (empty ships building toward this load zone (firming)). Load hubs where cargo is concentrating: Santos (PAI 31.9), Paranagua (PAI 9.9), Rio Grande (PAI 5.8). Busiest lanes out - SOUTH BRAZIL→NORTH CHINA (13 voyages, ~$22823/day); SOUTH BRAZIL→SOUTH CHINA (9 voyages, ~$22823/day).
WEST INDONESIA
Leading signal - 7-day ballast-pull -18% (ballast interest thinning here (softening)). Load hubs where cargo is concentrating: Taboneo Anch (PAI 11.5), Bunati (PAI 8.7), Tanjung Pemancingan (PAI 5.6). Busiest lanes out - WEST INDONESIA→SOUTH CHINA (88 voyages, ~$23856/day); WEST INDONESIA→MID CHINA (43 voyages, ~$23856/day).
UNITED STATES PACIFIC
Leading signal - 7-day ballast-pull +4% (empty ships building toward this load zone (firming)). Busiest lanes out - UNITED STATES PACIFIC→SOUTH KOREA (20 voyages, ~$13297/day); UNITED STATES PACIFIC→SOUTH JAPAN (19 voyages, ~$13297/day).
NORTH AUSTRALIA
Leading signal - 7-day ballast-pull -7% (ballast interest thinning here (softening)). Load hubs where cargo is concentrating: Hay Point (PAI 14.3), Gladstone (PAI 9.7), Abbot Point (PAI 5.3). Busiest lanes out - NORTH AUSTRALIA→NORTH CHINA (32 voyages, ~$16349/day).
90-120K - ~$24893/day ($+2479 d/d); 124 voyages, 49567296 kt-miles tracked
Momentum: +57% vs balanced, +2.2% day (relative to a balanced market).
NORTH AUSTRALIA
Leading signal - 7-day ballast-pull +9% (empty ships building toward this load zone (firming)). Load hubs where cargo is concentrating: Gladstone (PAI 6.2), Hay Point (PAI 5.7), Port Hedland (PAI 4.9). Busiest lanes out - NORTH AUSTRALIA→NORTH CHINA (33 voyages, ~$25375/day); NORTH AUSTRALIA→VIETNAM (14 voyages, ~$25375/day); NORTH AUSTRALIA→SOUTH JAPAN (10 voyages, ~$25375/day).
EAST AUSTRALIA
Leading signal - 7-day ballast-pull +9% (empty ships building toward this load zone (firming)). Load hubs where cargo is concentrating: Newcastle (PAI 12.2). Busiest lanes out - EAST AUSTRALIA→SOUTH JAPAN (18 voyages, ~$25375/day); EAST AUSTRALIA→NORTH JAPAN (12 voyages, ~$25375/day); EAST AUSTRALIA→TAIWAN (10 voyages, ~$25375/day).
SOUTH MOZAMBIQUE
Leading signal - 7-day ballast-pull +0% (ballast interest broadly steady). Busiest lanes out - SOUTH MOZAMBIQUE→NORTH CHINA (4 voyages, ~$16808/day).
120-190K - ~$28424/day ($-830 d/d); 309 voyages, 233278036 kt-miles tracked
Momentum: +70% vs balanced, +0.0% day (relative to a balanced market).
NORTH AUSTRALIA
Leading signal - 7-day ballast-pull -6% (ballast interest thinning here (softening)). Load hubs where cargo is concentrating: Port Hedland (PAI 29.8), Port Walcott (PAI 13.0), Dampier (PAI 12.7). Busiest lanes out - NORTH AUSTRALIA→NORTH CHINA (147 voyages, ~$32090/day); NORTH AUSTRALIA→MID CHINA (47 voyages, ~$32090/day); NORTH AUSTRALIA→SOUTH CHINA (45 voyages, ~$32090/day).
GUINEA
Leading signal - 7-day ballast-pull +16% (empty ships building toward this load zone (firming)). Load hubs where cargo is concentrating: Kamsar (PAI 7.8). Busiest lanes out - GUINEA→NORTH CHINA (13 voyages, ~$17593/day).
SOUTH BRAZIL
Leading signal - 7-day ballast-pull +12% (empty ships building toward this load zone (firming)). Load hubs where cargo is concentrating: Itaguai (PAI 4.6). Busiest lanes out - SOUTH BRAZIL→NORTH CHINA (7 voyages, ~$23752/day).
PERU
Leading signal - 7-day ballast-pull -20% (ballast interest thinning here (softening)). Busiest lanes out - PERU→NORTH CHINA (7 voyages, ~$11770/day).
WEST SOUTH AFRICA
Leading signal - 7-day ballast-pull -11% (ballast interest thinning here (softening)). Load hubs where cargo is concentrating: Saldanha (PAI 6.9). Busiest lanes out - WEST SOUTH AFRICA→NORTH CHINA (5 voyages, ~$20097/day).
190-250K - ~$36385/day ($+8656 d/d); 230 voyages, 199358971 kt-miles tracked
Momentum: +61% vs balanced, -5.4% day (relative to a balanced market).
NORTH AUSTRALIA
Leading signal - 7-day ballast-pull -12% (ballast interest thinning here (softening)). Load hubs where cargo is concentrating: Port Hedland (PAI 28.4), Port Walcott (PAI 8.1), Dampier (PAI 7.2). Busiest lanes out - NORTH AUSTRALIA→NORTH CHINA (98 voyages, ~$40375/day); NORTH AUSTRALIA→SOUTH JAPAN (33 voyages, ~$40375/day); NORTH AUSTRALIA→MID CHINA (23 voyages, ~$40375/day).
GUINEA
Leading signal - 7-day ballast-pull +0% (ballast interest broadly steady). Busiest lanes out - GUINEA→NORTH CHINA (14 voyages, ~$22374/day); GUINEA→SOUTH CHINA (4 voyages, ~$22374/day).
SOUTH BRAZIL
Leading signal - 7-day ballast-pull -10% (ballast interest thinning here (softening)). Load hubs where cargo is concentrating: Itaguai (PAI 8.3). Busiest lanes out - SOUTH BRAZIL→NORTH CHINA (7 voyages, ~$24727/day).
EAST AUSTRALIA
Leading signal - 7-day ballast-pull -12% (ballast interest thinning here (softening)). Busiest lanes out - EAST AUSTRALIA→SOUTH JAPAN (7 voyages, ~$40375/day).
Outlook (forward view)
Looking ahead, the dry-bulk freight market appears set to continue its upward trajectory, driven by strong demand and tightening tonnage supply. The 7-day ballast-pull trend is showing signs of firming in key load zones such as South Japan and West Indonesia, which is a leading indicator of increased demand for cargo-carrying vessels. The momentum indicators also suggest that the market is gaining strength, with several bands showing positive day-over-day and week-over-week moves.
Based on these forward signals, it appears likely that the market will continue to firm over the coming days and weeks, particularly in the Capesize segment. However, this is a model-and-momentum scenario read and not a guarantee, as the dry-bulk freight market can be volatile and subject to sudden changes in demand or supply. The overall direction of the market will depend on various factors, including cargo volumes, tonnage availability, and global economic trends.