Dry Bulk Shipping: South American grain demand drives rise in Atlantic Panamax rates

The Atlantic Panamax market defied expectations in the second quarter of 2026, as it showcased its volatility and resilience, tightening, softening and finding support again. The Platts KMAX9 Index — a global ton-mile-weighted average of nine Panamax routes – reached a yearly high and averaged $18,933/d in the second quarter, 65% higher than the $11,513/d …

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Baltic Dry Index Up to 1-Month High

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, rose about 1.4% to its highest since June 8 at 2,910 on Thursday, following a marginal decrease in the prior session. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, advanced 2% to a one-month …

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