Americas Report 11 June 2026

The dry bulk market on the West Coast South America (WCSA) experienced a continuation of slow momentum in week 24, with limited fresh cargo activity observed. Handysize rates remained stable, whereas larger vessels such as Supramax and Ultramax saw a slight uptick, driven by stronger sentiment in the East Coast South America (ECSA) region. The tightening supply of tonnage, particularly for Supramax and Ultramax sizes, was attributed to increased activity in ECSA, resulting in firmness in these segments. Meanwhile, the Handysize market faced competitive pressures with numerous prompt vessels trailing behind a dwindling number of cargo opportunities. Delays persist in both directions through the Panama Canal, further complicating shipping logistics. As July approaches, expected firm business for West Coast operators may lead to enhanced market dynamics, although Handysize rates remain susceptible to oversupply due to current market conditions.