Americas Report 23 April 2026

The Dry Bulk market in the Americas is experiencing a transitional phase in late April, with Handysize vessels moving to ECSA for new employment. The NOPAC remains strong, absorbing excess tonnage from WCCA, while local commitments in the Far East hinder ballasting to NOPAC amid high bunker prices. The West Coast South America (WCSA) region shows potential signs of tightness moving into May, which could bolster rates if current firm conditions persist in ECSA. Notably, delays at the Panama Canal and Puerto Quetzal are contributing to logistical challenges that may impact future shipping capacity.