Affinity Dry Cargo Weekly 03 July 2026

The Capesize market experienced a notable recovery with the BCI 5TC climbing from USD 32,091 to USD 35,563 as increased miner activity and improving demand supported higher rates. Meanwhile, the Panamax segment also gained traction, with the P5TC rising to USD 19,758, driven by tight vessel availability in the Atlantic and strong grain demand from South America. The Supramax market showed mixed results as regional variances emerged, while the Handy market remained stable but faced slight softening due to eased activity in both Atlantic and Pacific regions. Overall, larger vessel classes saw improved sentiment amid tighter availability, whereas smaller vessels dealt with balanced and competitive conditions amidst fluctuating demand. Geopolitical influences, particularly China's ongoing energy strategy, continue to shape global commodity markets, with increased coking coal imports expected amid domestic production challenges, driving global competition among major suppliers.