Dry Assets Review: Trends & Expectations

Dry bulk freight earnings surged to multi year highs in 2021 thus far and summer season did not put breaks on the accelerated rebound with Capesize earnings surpassing the US$50,000/d mark. The rosy sentiment of the second quarter came against the traditional summer lull and market values continued their upward trend. Buyers’ appetite appeared strong for all bulker ship sizes, as smaller ships, Handysize and Supramax, maintained a consistent and stable increase in freight earnings.