Dry Bulk Market Update with Doric Shipbrokers – “Navigating Complexity” – August 2026
Overview
Mr. Vasilis Mouyis, Co-Founder, and Mr. Michalis Voutsinas, Head of Research, at Doric Shipbrokers, join Capital Link to provide an update on the dry bulk market.
The presentation covered market performance across different sectors, with Mr. Voutsinas reporting that the Baltic Capesize Index climbed 19.4% week-on-week to $46,500 per day, driven by strong iron ore and coal demand from China and Brazil. Key market dynamics included China’s impressive trade figures with exports up 23.9% year-on-year and imports rising 27.5%, while the Baltic Dry Index closed 13% higher at 3,089, indicating a strong performance for summer despite seasonal slowdowns.
Mr. Mouyis identified tailwinds including China’s industrial activity, agricultural commodity trading, easier bunker prices, and a weaker US dollar, while noting potential headwinds from Middle East tensions, rising commodity prices, and the strong El Nino effect that could impact agricultural production.
Dry Bulk Market Update with Doric Shipbrokers - July 2026
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