Dry Bulk Shipping: Capesize Market Extends Recovery Phase in Dry Bulk Market , International Shipping News 13/07/2026 C apesize The market enjoyed another constructive week, extending the recovery that gathered pace at the end of the previous week despite a brief period of midweek consolidation. Overall sentiment remained positive, underpinned by healthy cargo volumes, consistent miner activity and improving confidence across both the Pacific and Atlantic basins. The Pacific continued to provide the primary support, with consistent participation from the major miners and a steady flow of West Australia iron ore stems, supplemented by East Coast Australia coal cargoes. While rates briefly retreated following the early-week rally, the correction proved short-lived as prompt tonnage attracted premiums and renewed miner enquiry quickly restored momentum. Weather-related disruption in the Pacific also lent support to the market by tightening vessel availability. By the close of the week, C5 had recovered from its temporary softness in the high $12s to end the week in the low $13s, reflecting firmer sentiment. The Atlantic also enjoyed a positive week. South Brazil and West Africa to China demand remained robust, with sustained C3 fixing activity reported in the mid-$31s to $33 by week’s end. While the North Atlantic remained comparatively quieter, tightening tonnage supported stronger transatlantic and fronthaul earnings later in the week. Panamax-Kamsarmax It was a week of consolidation. Rates improved a little, but the market hasn’t really moved forward very much. There was a lot of activity in the North Atlantic, but it seems to have had a clear out now, with the market waiting to see the next move. Mineral fronthauls from US East Coast saw very high offers, with a charterer eventually deciding to take an 82,000-dwt for short period at $30,000 from the Continent rather than pay mid/high $30,000s for a single trip to India. North Coast South American activity was also