Dry Bulk Market Update with Doric Shipbrokers – September 2026
Monday, September 14, 2026
Overview
Mr. Vasilis Mouyis, co-Founder, and Mr. Michael Voutsinas, Head of Research, from Doric ShipBrokers present their latest dry cargo market update in Capital Link’s Analyst Updates Webinar Series, with the Baltic Dry Index hovering around 3,500 points. Mr. Voutsinas provided detailed analysis of market conditions across different vessel sizes, reporting that Cape Size rates decreased to $55,000 per day, Panamax rates held at $21,500 per day, and Supramax rates rose to $21,000 per day.
Doric Shipbrokers discussed how grains trade patterns are being reshaped by geopolitical factors, with soybeans, corn, and wheat experiencing changing origins and trade routes due to factors like Chinese procurement strategies, weather impacts, and Black Sea disruptions from the Russia-Ukraine conflict.
Mr. Mouyis identified seasonality, trade route changes due to geopolitical tensions in the Middle East and Gulf of Aden, and Panama Canal restrictions as key tailwinds, while noting potential headwinds from grain movement changes, rising bunker prices, and tightening interest rate environments. Despite these challenges, Mr. Mouyis expressed a positive outlook, expecting strong rates to continue without having peaked in the current cycle.
Dry Bulk Market Update with Doric Shipbrokers - September 2026
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