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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Asia’s HSFO cash differentials fall to lowest since Dec 2025 on increasing supply

Asia’s high sulfur fuel oil cash differentials declined July 7 to their widest discounts so far in 2026, weighed by expectations of increasing near-term supply from the Middle East, market sources said, adding that renewed tensions around the Strait of Hormuz may disrupt oil flows from the Persian Gulf. Platts, part of S&P Global Energy, …

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Maritime piracy incidents fall to lowest since 1992, but risk remains

Maritime piracy and armed robbery incidents fell to their lowest level since 1992 in the first half of 2026, according to the latest report from ICC’s International Maritime Bureau (IMB), released today. However, IMB warns there is no room for complacency, with crew safety still at risk and a slight resurgence of Somali piracy underscoring …

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