MID-SHIP Cement Report – June 3, 2026

June 3, 2026

Market Overview: 

The dry bulk market delivered a mixed performance midweek as activity remained somewhat subdued with many participants still attending Posidonia. Handysize and Supramax sectors continued to show resilience, particularly in the Atlantic, where strong U.S. Gulf demand supported sentiment and kept rates firm. The BHSI edged higher to 855, while the Supramax 11TC average moved back above $20,000/day. In Asia, both sectors maintained a generally positive tone, supported by steady mineral, coal, and agricultural cargo flows, although market participants remain cautious as post-holiday trading patterns continue to develop.

Panamax and Capesize markets softened during the session as tonnage availability continued to outweigh immediate cargo demand. The Panamax market faced pressure across both basins, with the P5TC slipping to $20,607/day amid limited fronthaul inquiry and a widening gap between owner expectations and charterer bids. Capesize sentiment weakened more noticeably, with the BCI 5TC falling to $47,641/day as lower Pacific iron ore volumes and quieter Atlantic activity weighed on rates. Despite the softer tone, owners generally remain disciplined, resisting aggressive rate concessions, while underlying commodity demand and vessel supply fundamentals continue to provide support heading into the summer trading season.

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