Affinity Dry Cargo Weekly 11 September 2026

The dry bulk market exhibited mixed trends, with Capesize rates initially softening before a midweek recovery, ultimately closing down at USD 55,138 for the BCI 182 5TC. The Atlantic market showed stronger demand with C3 rates up to USD 41.918, whereas Panamax rates faltered under excess tonnage pressure, resting at USD 21,662. In contrast, the Supramax segment continued on a positive trajectory, buoyed by strong North American demand, with the 11TC averaging USD 21,728. The Handysize market demonstrated significant strength, supported by tight tonnage in the US Gulf, resulting in an increase to USD 16,925. Meanwhile, renewed Chinese interest in US soybeans is propelling export commitments amidst anticipation of a record crop, thereby enhancing shipping demand in transatlantic and South American routes. However, Brazil's dominance in the soybean market remains a concern for US exporters.