The last three bulk carrier market cycles have been four years long. The current cycle began at the start of 2020.  Does the downturn in freight rates in the last three months mean the cycle has peaked?   Why does the rising value dollar have implications for bulk carrier earnings? How have asset prices reacted? And why aren't more bulk carriers being ordered? Find out in this 56 page, 20,000 word report which includes our unique five year, seasonally adjusted forecasts for Capesize, Panamax, Supramax and Handysize earnings.