News
Dry bulk demand growth could be materially constrained through 2027 if disruption persists in the Strait of Hormuz, a route that typically carries about 4% of global dry bulk cargoes and ton-mile demand, according to the Baltic and International Maritime Council (BIMCO)’s April dry bulk market outlook.
Around 210 dry bulk vessels--roughly 1% of the global fleet--are currently stranded in the Persian Gulf, highlighting the immediate impact on fleet deployment.
BIMCO models two scenarios. Under a prolonged closure, demand growth is limited to up to 1% in 2026 and 0.5% to 1.5% in 2027. If transits resume in the near term, growth would be about 2.5 percentage points higher in 2026 and 1.5 percentage points higher in 2027.
