MID-SHIP Fertilizer – June 12, 2026

June 12, 2026

General Market Overview: 

The dry bulk market continued its upward trajectory today, with strength evident across most vessel segments. Handysize and Supramax markets posted another round of gains, led by healthy activity in the Atlantic basin where firm demand, balanced tonnage lists, and continued cargo flow from the U.S. Gulf and South America supported higher rates. The Supramax sector remained particularly well supported, with U.S. Gulf coal and grain business fixing at attractive levels while strong South Africa activity pushed Indian Ocean earnings higher. Period charter demand also remained robust, reflecting confidence in near-term market fundamentals.

Panamax sentiment improved further as prompt tonnage tightened across the North Atlantic and Mediterranean, forcing charterers seeking immediate cover to pay premiums above recent levels. Grain activity from both the North Pacific and East Coast South America continued to underpin the sector, while forward Indonesian business suggested growing confidence among charterers. Capesize was the lone exception, retreating after recent gains as softer Pacific iron ore activity pressured rates despite a shorter vessel list. Nevertheless, improving Atlantic conditions and a tightening ballaster count continue to provide support, leaving the broader dry bulk market constructive heading into the second half of June.

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