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Read the latest reports from our London-based research team.
The dry bulk market saw declines across all segments, with the BCI 5TC falling to USD 34,708 amid oversupply, while Panamax rates partially recovered to USD 18,990, influenced by rising geopolitical tensions impacting US-Iran agricultural trade.
The WCSA dry bulk market is experiencing stable rates despite growing tonnage, with Supramax ranges between USD 21.0-24.0 for the Far East and USD 16.0-18.8 for USG-USEC, coupled with disruptions at Panama Canal and Puerto Quetzal.
European shipowners lead in ordering alternative-fuel vessels while facing critical fuel supply challenges as frustration mounts over regulatory discussions.