Dry Bulk Shipping: Capesizes Stage Strong Recovery in Dry Bulk Market , International Shipping News 22/06/2026 C apesize The market staged an impressive late-week recovery to finish on a significantly firmer footing, with improving sentiment driven primarily by renewed strength in the Pacific. Having come under pressure through the early part of the week, the market reversed course, with the BCI 182 5TC climbing sharply to close at $37,631, up from $36,756 at the start of the week. The turnaround was led by a resurgent C5 market, where rates rallied from around $10.80 on Wednesday to fixtures being concluded at $12.50 by Friday, supported by healthy cargo volumes, sustained miner activity, and a more confident owner stance. The Atlantic remained the weaker basin for much of the week, with limited fresh enquiry and a wide gap between charterers’ bids and owners’ expectations restricting trading activity. However, conditions improved into the close, with sentiment becoming noticeably more constructive. While fixtures remained limited, C3 bids strengthened to around $31.00, with owners holding firm in the $32.50-$33.00 range, suggesting the market may finally be finding a floor after several sessions of heavy pressure. Although an increasing number of ballasters heading west continues to temper the medium-term outlook, the stronger finish on both sides of the market leaves sentiment entering the new week on a considerably more positive note. Panamax-Kamsarmax The week saw a clear divergence between Atlantic and Pacific markets. In the Atlantic, sentiment remained positive despite fluctuating activity, with an 81,000-dwt fixing for a transatlantic round at $21,000 and another 83,000-dwt at $20,750. Tight prompt tonnage in the North Continent and West Mediterranean supported rates, with some fixtures achieving premiums for earlier windows, such as an 85,000-dwt fixing for $22,500 for a transatlantic round. Overall, supply and demand appeared balanced, with steady enquiry