Greek shipping companies’ rally in the US

The Baltic Dry Index (BDI), the benchmark scale for the adust bulk shipping market, climbed backmost supra the 3,000-points. The marketplace is presently hovering astatine three-year highs, with ample vessels — peculiarly capesize ships — starring the sector’s affirmative momentum.

Although the bulk bearer marketplace is not astatine the aforesaid levels arsenic the tanker segment, shipowners managing adust bulk fleets told Naftemporiki that net stay highly satisfactory. Average regular rates for capesize vessels (BCI) person reached USD 45,133, while panamax (BPI) and supramax (BSI) vessels are earning slightly supra USD 20,000 per day.

Strong show connected Wall Street

The market’s affirmative trajectory is besides reflected successful the show of New York-listed companies operating exclusively adust bulk fleets.

Based connected closing prices connected May 8, 2026, each U.S.-listed Greek-controlled adust bulk companies are trading steadily astatine 12-month highs. Shares of Seanergy Maritime — the lone institution operating an exclusively capesize fleet (20 vessels) under the enactment of Stamatis Tsantanis — are up 171% year-on-year and 80% since the opening of 2026.

EuroDry, controlled by Aristides Pittas, has besides posted strong gains. The company’s stock has surged 147% implicit the past 12 months and 69% since the start of the year.

Safe Bulkers, owned by Polys Hajioannou with  a fleet of 45 vessels, has recorded gains of 105% compared with a year earlier, while advancing 46% year-to-date successful 2026.

Diana Shipping has besides reported exceptionally strong stock performance. The company, which operates a fleet of 36 vessels under the enactment of Semiramis Paliou, has seen its stock terms emergence 95% implicit the past 12 months and 63% since the opening of this year. It is noted that the institution is presently successful the process of acquiring chap listed institution Genco Shipping.

Costamare Bulkers, with a fleet of 31 vessels, was spun disconnected from Costamare, controlled by Kostis Konstantakopoulos. Its stock terms is presently up 79.5% year-on-year and 25% compared with the start of 2026.

Star Bulk Carriers, controlled by Petros Pappas and the largest adust bulk shipping institution listed connected the U.S. stock marketplace with 135 vessels successful operation, has seen its shares summation 75% implicit the past 12 months and 39.5% since the opening of 2026.

Market outlook

Greek shipowners stay optimistic astir the outlook for the adust bulk market.

According to Petros Pappas, “despite the increasing orderbook, the aging planetary fleet and ongoing fleet renewal requirements, combined with structural request driven by planetary infrastructure needs, reenforce our optimism for the adust bulk marketplace implicit the adjacent two years.”

Seanergy Maritime Chairman and CEO Stamatis Tsantanis has emphasized that “strong robust ore and bauxite trade flows, constricted supply of newbuild capesize vessels, and favorable ton-mile dynamics proceed to support earnings.”