Dry Bulk Shipping: South American grain demand drives rise in Atlantic Panamax rates

AI Summary

The Atlantic Panamax dry bulk shipping market experienced volatility in the second quarter of 2026, driven primarily by South American grain demand. The Platts KMAX9 Index reached a yearly high, averaging $18,933 per day, marking a 65% increase from the previous year.

The Atlantic Panamax market defied expectations in the second quarter of 2026, as it showcased its volatility and resilience, tightening, softening and finding support again. The Platts KMAX9 Index — a global ton-mile-weighted average of nine Panamax routes – reached a yearly high and averaged $18,933/d in the second quarter, 65% higher than the $11,513/d ...