Sofar’s Wayfinder platform delivers optimized guidance that maximizes the safety, efficiency, and profitability of every voyage. Berge Bulk, MOL Group, Dorian LPG, and other major shipping companies trust Wayfinder to cut time, fuel, and emissions and accelerate their long-term decarbonization initiatives.

Wayfinder is powered by superior ocean intelligence. Its marine weather forecasts are up to 50% more accurate than the next best model, and incorporate 1.5 million daily observations made by Sofar’s private network of real-time ocean sensors. This proprietary ocean data unlocks more precise voyage guidance for vessels around the world.

In Q1 2025, Wayfinder delivered substantial cost, fuel, and emissions savings for a sampling of Capesize vessels sailing along two critical dry bulk shipping routes: Brazil-China (Baltic Dry Index C14) and Australia-China (Baltic Dry Index C5). Across 48 ballast and laden legs, these ships followed Wayfinder’s dynamic RPM and waypoint guidance to save, on average:

• $21,500 per voyage
  
• 5% on fuel per voyage
  
• 102 metric tons of CO₂ emissions per voyage
  ‍

These savings were critical amidst the significant fluctuations seen in the dry bulk shipping sector in Q1 2025:

• With China's weakening iron ore demand, the Baltic Dry Index (BDI) plunged to a 23-month low of 720 points by late January, representing a 57% year-over-year decline. 
• A steady rebound followed in February and March, with the index climbing to a peak of 1,670 before settling at 1,600 points by the end of March.
• This late surge was driven by seasonal demand, resilient iron ore trade, and increased voyage distances due to continued routing around the Cape of Good Hope to avoid conflict in the Red Sea.

2025 Outlook: More challenges ahead for dry bulk

The remainder of 2025 is expected to be more challenging for the dry bulk industry due to:

• Weakening demand: Core drivers such as iron ore and coal are declining, with Chinese steel production dwindling amid a 24.8% year-over-year drop in new real estate activity in Q1.
• A shifting energy landscape: China and India are meeting more energy needs through domestic production and renewables, reducing overall coal import demand.
• Trade uncertainty: U.S.-China tensions threaten to disrupt established shipping corridors by reshaping minor bulk flows, which make up 33% of dry bulk trade (e.g. fertilizer, steel, cement).

As the pressure on freight rates increases and asset values decline, dry bulk operators will need to focus on margin protection. Leading voyage optimization solutions like Wayfinder will be increasingly valuable as carriers navigate this uncertain environment, where operational discipline and cost efficiency are critical to long-term success.

Contact the Wayfinder sales team to learn more about our platform or schedule a demo.

Sources

¹ Trading Economics: Baltic Exchange Dry Index

² BIMCO: Dry bulk supply/demand balance set to weaken

³ BIMCO: Dry Bulk Market Overview & Outlook

⁴ S&P Global: Cape of Good Hope reroute

⁵ Tariffs on China-Linked Ships Could Threaten up to 50% of Key Shipping Routes