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MARITIME INTELLIGENCE DAILY
09 JUN 2026 TUESDAY
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Dry Bulk Market: Capesize Market Softening in Dry Bulk Market , International Shipping News 08/06/2026 C apesize The market closed the week on a softer footing, with the BCI 182 5TC easing from just under $50,000 at the start of the week to $44,374, reflecting a clear loss of momentum as the week progressed. Trading conditions were characterised by persistently thin liquidity, disrupted participation due to Posidonia, and generally subdued miner engagement, which together left the market vulnerable to downside pressure. In the Pacific, sentiment weakened steadily as the week unfolded, with a gradual erosion in C5 levels driven by limited cargo emergence and a lack of consistent support from major miners. Fixtures progressively printed lower, from mid-to-high $15 early in the week to a tick below $14 by the close. The South Brazil and West Africa to China market followed a similar, albeit more gradual, weakening trend, with index dates on C3 drifting lower and spreads widening before settling into the low-to-mid $36s range on later stems. The North Atlantic initially showed relative resilience, briefly supported by short-duration TA activity, but this strength faded as the week progressed and sentiment softened in line with the broader market. Fronthaul activity remained notably quiet throughout. Panamax-Kamsarmax The week opened on a subdued note, influenced by regional holidays and Posidonia, with limited activity prompting many participants to reassess positions. Despite an early P5TC uptick, sentiment quickly softened as the week progressed. In the Atlantic a growing tonnage list, particularly in the North Continent, combined with relatively limited mineral and grain cargoes, placed downward pressure on rates. Owners gradually revised expectations lower, especially for prompt positions, while fronthaul activity remained muted. Pacific trade provided some initial support, driven by steady Indonesian and Australian exports, though sentiment became mixed midweek as
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market_report Hellenic Shipping News ·2026-06-08

Dry Bulk Market: Capesize Market Softening

Hellenic Shipping News
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