Americas Report 18 June 2026

The dry bulk market showed mixed signals this week, with the West Coast of South America (WCSA) experiencing bullish momentum due to improved cargo flow from East Coast South America (ECSA), which aided in absorbing excess tonnage. In contrast, the WCCA faced high tonnage levels with limited cargo uptake, applying downward pressure on rates. Weekly data indicates a general increase in fixing activity as charterers sought to fulfil June cargo requirements, suggesting a stabilising sentiment in the WCSA. Market forecasts indicate firm conditions may continue, supported by modest cargo flows amid operational delays at key ports, including significant congestion reported through the Panama Canal.