Losses in various individual sectors along the entire dry bulk range across the recent past saw the overall benchmark index lose about 5% of its overall value, which would explain the recent
Losses in various individual sectors along the entire dry bulk range across the recent past saw the overall benchmark index lose about 5% of its overall value, which would explain the recent (and ongoing) influx of tonnage into the West Coast Indian and even Pakistani waterfronts spanning several weeks now, reports cash buyer GMS.
“And despite recent deliveries of a wide collection of sizes and types of vessels (especially in Alang), the overall sentiment in the Indian sub-continent remains on watchful footing while trying to surf the wakes of Trump’s ongoing tariff conundrums, which continue to confuse and frustrate global trade markets through what was hoped to have been a positive outcome to the deal makers’ recent meeting with Putin raising the question, is there a method to this madness.”
Moreover, given the volumes that markets have been accustomed to, the comparatively (and maddeningly) slower summers of 2024 and even 2025 is certainly of concern, says GMS, given that the industry clearly miscalculated 2025s recycling performance as being compensation for 2024’s dearth of tonnage. Most of the seriously over-aged tonnage that has been trading since post-covid, has not come for recycling in 2025.
Though there have been several large LDT
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