MID-SHIP Petcoke Report – July 29, 2026

July 29, 2026

Market overview:  

The dry bulk market delivered a mixed session, with Handysize remaining the weakest segment as limited cargo volumes and growing prompt tonnage continued to pressure rates across both the Atlantic and Pacific. Supramax also posted another decline in the index, although there are increasing signs that the Atlantic market may be finding a floor. Stronger demand from the U.S. Gulf, improving scrap and petcoke activity, and firmer fixtures into the Mediterranean and India have lifted sentiment in the basin, while Asia remains under pressure due to an oversupply of available vessels and subdued cargo demand.

Panamax continued to build on recent gains and was the standout performer of the day, supported by very tight prompt tonnage in the Atlantic and improving demand from both the U.S. East Coast and North Coast South America. Owners are becoming increasingly confident and have begun lifting their rate expectations, while Pacific demand has also strengthened, particularly for Kamsarmax vessels loading North Pacific and Australian cargoes. Capesize also moved higher, with positive momentum in both the Atlantic and Pacific despite a gap remaining between owners’ offers and charterers’ bids. South Brazil and West Africa continue to underpin Atlantic strength, while firmer bunker prices and ongoing geopolitical tensions in the Middle East are providing additional support to sentiment. Overall, the market tone has improved, led by Panamax and Capesize, while Handysize and Supramax remain more mixed.

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