Year-end dry bulk rally collides with overcapacity

Two-year high bulker earnings contrast with accelerating fleet growth, muted scrapping and Chinese stockbuilding that raises doubts over how long the rally could last.

MSI argued that much of this strength was driven by temporary stockbuilding and pointed out elevated inventories in China, combined with the usual Lunar New Year slowdown, were expected to weigh on imports in early 2026. Read more at Riviera.