Affinity Dry Cargo Weekly 12 June 2026

The Capesize market experienced a sharp decline, with the BCI 5TC dropping to USD 37,251 amidst subdued miner activity and weakened sentiment across both basins. Meanwhile, the Panamax sector displayed resilience, rising to USD 20,545 driven by tighter tonnage and stronger fronthaul demand, reflecting improved market fundamentals. The Supramax segment maintained positive momentum, propelled by robust enquiry levels from the US Gulf and the Indian Ocean, closing the week at USD 20,756. In contrast, the Handy market showed regional variation with improved rates driven by tightening tonnage, finishing the week at USD 16,195. As India's cabinet approved a USD 3.92 Bn incentive for coal gasification, structural shifts in cargo flows and composition are anticipated, benefiting Panamax employment and enhancing Capesize tonne-mile demand amid ongoing geopolitical tensions affecting global energy security.