Affinity Dry Cargo Weekly 26 June 2026

The dry bulk market experienced continued slumps this week, with the Capesize BCI 5TC decreasing from USD 36,946 to USD 34,708 as oversupply weighed heavily on both Atlantic and Pacific basins. In the Atlantic, tightening vessel supply led to a significant drop in the C3 route rates, which fell to USD 30.091. Meanwhile, the Panamax market showed initial weakness but recovered slightly as the P5TC rose by USD 130 to USD 18,990, aided by firm demands in the Atlantic. Conversely, the Supramax segment saw declines with the 11TC average dropping to USD 21,115, reflecting limited fresh inquiries and increased tonnage pressures. Additional geopolitical tensions involving Iran's potential agricultural imports from the US hint at shifting global grain trade flows, which could impact agricultural freight demand and vessel utilization in key trade routes.