Greek owners kept July investment activity selective, with newbuilding demand still ahead of secondhand acquisitions and activity spread across dry bulk, containers, LNG and tankers.
Dry bulk was the only segment active across both markets, while container and LNG activity was concentrated entirely in newbuildings. Secondhand activity was mainly disposal led, with Greek owners acting more as sellers than buyers during the month, and tanker secondhand activity consisting entirely of sales. Within dry bulk, acquisitions showed a younger average age than the vessels sold, pointing to selective fleet renewal rather than broad buying.
Newbuilding investment was led by dry bulk, followed by containers, with additional commitments in LNG and MR tankers, while delivery schedules remain forward looking from 2027 through the end of the decade. Against the Strait of Hormuz backdrop, where traffic remains well below normal, tanker activity was weighted toward disposals, while forward newbuilding commitments focused mainly on dry bulk and containers.
Dry Bulk Analysis – Week 32 2026
Capesize average earnings were $43,000/day, with the BCI at 5,128 up 19% w o w. Panamax average earnings were $20,700/day, with the BPI at 2,298 up 10% w o w. Supramax average earnings were $20,300/day, with the BSI at 1,603 down 0.4% w o w. Handysize average earnings were $15,700/day, with the BHSI at 874 down 1% w o w.
Dry Atlantic Analysis – Week 32 2026
Capesize South Brazil and West Africa to China strengthened on firm September demand and a contracting ballaster list, with C3 at $35.71/ton and a 180,000 dwt fixed Tubarao to Qingdao at $32.25/ton.
Panamax strengthened on tight tonnage in the North Continent and West Mediterranean, with an 82,000 dwt fixed for a US East Coast to India trip at $35,000/day.
Supramax North America started with improved expectations after recent declines, while the East Mediterranean stayed active on clinker demand, with an Ultramax fixed SW Pass to Singapore Japan with grains at $29,000/day.
Handysize remained soft in the Continent and Mediterranean, while the South Atlantic and US Gulf stayed under pressure, with a 37,000 dwt fixed Poland to the East Mediterranean with scrap at $17,000/day.
Dry Pacific Analysis – Week 32 2026
Capesize rallied on consistent operator enquiry, coal stems and possible typhoon disruption, with C5 at $16.295/ton and a 180,000 dwt fixed Dampier to Qingdao at $11.85/ton.
Panamax was supported by mineral demand, steady North Pacific grain exports and stronger Indonesian demand, with an 82,000 dwt fixed for an Australian round voyage at $21,500/day.
Supramax softened as tonnage availability exceeded demand, although typhoon disruption supported owners’ rate ideas, with a 63,000 dwt fixed India via South Africa to China at $17,500/day.
Handysize remained slow as increasing free tonnage in Southeast Asia and the North Pacific limited momentum, with a 39,000 dwt fixed Thailand to Southeast Asia with sugar at $16,000/day.
Wet Atlantic Analysis – Week 32 2026
VLCC Atlantic routes softened, with TD15 West Africa to China at $108,900/day and TD22 US Gulf to China at $118,900/day.
Suezmax Atlantic benchmark routes corrected, with TD20 West Africa to UK Continent at $74,900/day and TD27 Guyana to UK Continent at $74,900/day, while CPC disruption kept wider earnings supported.
Aframax eased as the correction continued, with TD25 US Gulf to Continent at $80,400/day and TD26 East Coast Mexico to US Gulf at $95,200/day, while TD19 cross Med fell to $72,900/day.
LR softened, with TC20 ME Gulf to UK Continent at $108,900/day.
MR corrected sharply, with TC21 US Gulf to Caribs at $12,700/day and TC2 Continent to US Atlantic Coast at $900/day.
Wet Pacific Analysis – Week 32 2026
VLCC strengthened in the ME Gulf, with TD3C ME Gulf to China at $498,000/day and TD34 Gulf of Oman to China at WS 170.5, equivalent to $31.83/ton.
Suezmax strength was driven by persistent CPC disruption rather than Pacific benchmark movement.
LR moved unevenly, with TC1 ME Gulf to Japan at $141,100/day while TC5 ME Gulf to Japan eased to $103,000/day.
MR softened in the Far East, with TC7 Singapore to East Coast Australia at $22,900/day.
Over the past twelve months, Greece led secondhand selling with 316 vessels across sectors, versus 156 sales by Chinese sellers. Greek sales were led by 164 dry bulk and 117 tankers, plus 22 containers and 9 gas carriers, while Chinese sales comprised 105 dry bulk, 31 tankers, 10 containers and 5 gas carriers. On the buying side, Greece recorded 229 purchases and China followed with 212, with Greek buying led by 120 dry bulk and 86 tankers, while Chinese buying was led by 163 dry bulk and 36 tankers.
Get the Full Allied Weekly Market Report – Week 32 (August 2026)
This post provides a high-level view of Greek owners’ July investment activity, newbuilding preferences, and current freight market performance.
The full Allied QuantumSea Weekly Market Report – Week 32 includes:
In-depth analysis of Greek newbuilding and secondhand investment activity
Investment trends across dry bulk, containers, LNG and tanker segments
Fleet renewal patterns, vessel age profiles and buying versus selling activity
Newbuilding delivery schedules and yard placement trends
Detailed dry bulk and tanker earnings tables across all vessel classes
Atlantic & Pacific route-level freight analysis with fixture benchmarks
Baltic indices, TCE calculations & historical trend comparisons
Secondhand S&P transactions, buyer–seller positioning & asset value trends
Recycling activity and scrap pricing indicators
👉 Fill in the form below to subscribe and receive the complete PDF directly in your inbox every week.