The market for minor bulk dry cargoes (cement, steel, bauxite, etc.) continues its upward trajectory in 2025, maintaining the positive momentum of recent years. According to data from Howe Robinson Partners, during the period January-September 2025, global trade of these goods recorded an increase of 4.7% and 56.2 million tons on an annual basis, compared to an average annual rate of 4% since 2020.
The strongest growth is recorded in long-haul trade routes, such as steel exports from China and minor mineral exports from South Africa to Asian destinations, leading to an 8.1% increase in ton-miles. Although lower compared to the previous two years, this rate reflects a more balanced growth phase for the sector.
The continuous strengthening of transport volumes has led to a shift towards larger bulk carrier categories, as cargo sizes increase. The share of Ultramaxes in minor bulk transport increased from 18.2% in 2021 to 23.1% in 2025, while Panamaxes strengthened their share to 13.1%, reaching a historic high of 11.2% of total trade via Panamaxes.
In contrast, Supramaxes recorded their first percentage decrease (approximately 2%) after the pandemic and their share in the transport of these goods now corresponds to 26.8%. At the same time, Handysizes remained stable at 34.8%.
These trends highlight a structural redistribution of fleet carrying capacity, as minor bulk flows adapt to an environment of higher volumes and longer distances.
