Americas Report 23 July 2026

WCSA dry market activity has increased slightly this week, with ECSA absorption helping to mitigate oversupply. Bunker prices remain high, limiting ballast movements and leading to positional advantages for well-priced vessels. USG and NOPAC activity has increased modestly; however, it is insufficient to absorb the oversupply. Predictions for market direction remain uncertain, albeit indicative of a sideways trend as supply-demand dynamics remain fragile, with specific fluctuations noted across different vessel classes and routes, significantly affecting rates in the dry bulk sector.