Stricter STS transfer rules come into force in Panama

The Baltic Exchange has issued its report for the week 4 - 8 August to provide information of the bulk market performance. Capesize The Capesize market experienced a mixed and somewhat volatile week, marked by early weakness followed by a midweek rebound and gradually firmer sentiment, particularly in the Atlantic. In the Pacific, despite steady miner activity on C5, freight rates fluctuated, slipping as low as $9.55, rebounding midweek to $10.40 before easing back to $10.00 and eventually ending the week at $10.60. In contrast, the South Brazil and West Africa to China markets saw steady activity. While early fixtures pointed to softer levels in the low $23s on C3, midweek gains and healthy cargo flow provided support, with standard vessels continuing to command a premium as fixtures climbed to $25.00 by Friday. The North Atlantic was the standout performer, gaining momentum midweek after a quiet start. Both Transatlantic and fronthaul routes firmed on the back of fresh demand and tightening supply, with Transatlantic rates rising from around $25,000 to $30,000 and fronthaul levels reaching the low $50,000s. The BCI 5TC posted a net weekly gain, rebounding from early declines to close at $27,716. Panamax After last week’s rather subdued...