Newbuilding orders for dry bulk carriers have dropped 63% year-on-year in 2025, reflecting investor caution amid high construction costs and softening sentiment. Despite the slowdown, the secondhand market—particularly for Capesize vessels—continues to show surprising resilience and selective strength, reports BRS Shipbrokers.
Newbuilding Market Highlights:
Secondhand Market Highlights (Past Two Weeks):
Freight & Demand Trends:
The dry bulk order slump in 2025 reflects a cautious market recalibration after last year’s record surge. While most owners have sat out the newbuilding race so far, selective opportunities in the secondhand market, supported by resilient Cape earnings and targeted demand in Subcape sectors, are keeping activity alive. Fleet fundamentals in 2-3 years’ time will be shaped by today’s restrained ordering, shifting trade flows, and evolving environmental regulations.
