Affinity Dry Cargo Weekly 17 July 2026

The Capesize market fluctuated throughout the week, with the Baltic Capesize Index (BCI) 5TC seeing a high of USD 43,086 before dropping to USD 39,352, influenced by weaker Atlantic demand and reduced miner activity in the Pacific. Conversely, the Panamax market exhibited stability, albeit with limited upward movement, as the P5TC average increased slightly to USD 20,316, supported by steady demand in East Coast South America and strong performance in the Pacific. The Supramax sector saw modest improvements, while the Handysize segment experienced a slight decline amid quietness in key regions. Overall, the markets indicate a need for additional cargo demand to stimulate higher rates going forward.