Dry Bulk Market: Capesizes Gained Momentum Last Week in International Shipping News 01/06/2026 C azapesize The market strengthened over the course of the week, with sentiment increasingly underpinned by robust Pacific activity and a late-week improvement in Atlantic fundamentals. Despite a fragmented trading environment caused by public holidays in both the UK and Singapore, the market demonstrated resilience, with the BCI 182 5TC climbing above the $50,000 mark by Thursday. The Pacific remained the primary driver throughout, supported by consistent participation from all three major miners, a healthy flow of operator-controlled cargoes, and additional tender activity. Strong fixing volumes helped absorb available tonnage and steadily lifted C5 rates, with sentiment improving as the week progressed and fixtures gradually pushed into the high $16.00s and, in some cases, above $17.00. However, as the week drew to a close, conditions in the Pacific eased marginally despite continued activity, with rates slipping back from Thursday’s highs into the low to mid $16.00s. While the Atlantic began the week in a relatively subdued state, momentum improved notably towards the latter stages. South Brazil and West Africa to China cargoes gradually strengthened, with C3 moving from the high $36.00s range towards the upper $37.00s and low $38.00s levels for index dates. Transatlantic earnings improved on the back of a limited number of stronger fixtures, while Front Haul activity remained relatively quiet. Panamax-Kamsarmax The Panamax market saw a gradual improvement through the week, though conditions diverged regionally. The Atlantic lacked clear momentum, with supply steadily building and activity failing to absorb the growing tonnage list. While some fronthaul interest persisted, it was largely forward focused, leaving prompt vessels under pressure and forcing owners to soften rate expectations. In contrast, the Pacific remained firm and was the primary driver of gains. Stron