Americas Report 30 July 2026

The West Coast South America (WCSA) dry cargo market experienced a notable downturn this week due to limited local cargo activity and public holidays in Peru, driving rates down across Handysize and Supramax-Ultramax segments. The East Coast South America (ECSA) market also showed weakening trends, exacerbating the already subdued activity and intensifying the imbalance between available tonnage and cargoes. The decline was particularly pronounced in the North Pacific (NOPAC) where Supramax-Ultramax round voyages saw a significant drop as charterers adopted a cautious stance. This downward trajectory is expected to persist in the upcoming week as market players adjust to the ongoing limitations in cargo flow from ECSA and NOPAC, suggesting a continued lack of external support for the WCSA market.