The Dry Bulk Bull Market Is Just Warming Up

James CatlinInvesting GroupFollow5ShareSavePlay(20min)CommentsSummaryDry Bulk, specifically the Capesize vessel class, was cited as a top pick for 2026.Typically, January and February exhibit seasonal weakness. But the market is currently demonstrating counter-seasonal strength, signaling a positive structural shift in the supply/demand balance.Several demand-side developments are paving the way for cargo mile demand totals to outpace net vessel capacity gains, leading to tighter market conditions.Looking for a portfolio of ideas like this one? Members of Value Investor's Edge get exclusive access to our subscriber-only portfolios. Learn More » MihailDechev/iStock via Getty Images Note: This report was first published on February 12, 2026, on Value Investor's Edge.

Overview The Dry Bulk 2026 Outlook (published on Value Investor's Edge on November 6, 2025, and made public on Seeking Alpha on NovemberThis article was written byJames Catlin5.35K FollowersFollowJames Catlin holds degrees in Economics and Political Science. He has been actively investing for nearly 25 years and is currently the lead economist at Value Investor's Edge. Value Investor's Edge, led by J Mintzmyer, is a deep value research community focused on maritime shipping. VIE has a growing team of ten analysts and experts who focus exclusively on maritime trade as well as related commodity and energy markets.

The team has delivered consistent outperformance since launching in 2015. Our final shipping model average return (long only) was +54.4% in 2023, which closely matched our 2022 return of +54.9%. We now have a 8-year IRR of 43.4%.Learn more.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.