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The outlook for MPV shipping for 2026 is cautiously optimistic, supported by steady project cargo demand despite geopolitical and economic uncertainties. Project Carrier rates are expected to rise gradually after a flat 2H25, while General Cargo rates will likely remain under pressure due to intense competition from containers. The year 2025 was marked by geopolitical …

The maritime industry is at the beginning of a major trans- formation. Driven by a continuously evolving regulatory environment, intensifying commercial pressure, and a gen- eral global shift towards reduced greenhouse gas (GHG) emissions, the transition to net zero is taking shape. In this context, the Net-Zero Guide (the Guide) provides a structured, practical framework …

The dry bulk market ended 2025 in an “old school” way, with recovery underway. In its latest weekly report, shipbroker Xclusiv said that “dry bulk closed 2025 in a very “old-school” way: not through a demand explosion, but through utilisation tightening, timing and just enough friction to turn small shifts into big rate moves. The …

Dry bulk tonne-days reached record highs in 2025, exceeding previous historical peaks, up around 4% year on year and close to 9% compared with 2023, highlighting the role of distance-driven demand in supporting vessel utilisation. The increase in tonne-days has been driven primarily by iron ore trade, reflecting the impact of long-haul Atlantic basin exports …

There are signs that 2026 could be the year container ships make a largescale return to the Red Sea – but what would that look like and what would it mean for shippers? Below are five key considerations for shippers. 1. Different strategies to Red Sea return across carriers CMA CGM has announced the return …

Seaborne demand for iron ore remained slightly higher than 2024, despite a slight decrease in Chinese imports. In its latest weekly report, shipbroker Banchero Costa said that “2024 was another positive year for global seaborne iron ore trade. In Jan-Dec 2024, global loadings of iron ore increased by +2.3% y-o-y to 1,669.2 mln tonnes, based …

Bauxite exports from Guinea have experienced uninterrupted y/y growth every month so far in 2025, with the final month of December likely to be no different. As a result, bauxite exports from Guinea are likely to reach 175mt, 22% higher than in 2024. This has led to bauxite being the best-performing capesize commodity behind iron …

Drewry’s AIS data indicate a structural shift in Capesize cargo flows, driven by the rise in bauxite shipments and the gradual retreat in global coal trade on large vessels. These changing patterns are boosting the utilisation of the Capesize segment. Drewry AIS data shows that Capesize shipping has undergone notable shifts in its commodity mix …

The dry bulk market could face a shift in ton-mile demand moving forward. In its latest weekly report, shipbroker Intermodal said that “as 2025 draws to a close, the transitional period for the EU’s Carbon Border Adjustment Mechanism (CBAM) is coming to an end. From January 1st, 2026, CBAM enters its definitive phase, with reporting …

Drewry expects the dry bulk market to improve in 2026 after a year of geopolitical disruptions and trade uncertainty shaped the market sentiment more than underlying demand–supply fundamentals. The second half of 2025 has already shown an apparent stabilisation, and the recent easing of the USTR policy, along with the US–China tariff truce announced in …