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SOUTH AFRICA

A bulk carrier sails through open water under clear daylight, with enhanced colours, a green hull, and a broad wake curving across the sea

The great tonnage squeeze

Drawing on market data from the week ending 12 June 2026, the structural tightening driving Ultramax & Handysize freight markets higher is becoming increasingly visible as shrinking vessel availability and resilient cargo demand continue to strengthen owners’ negotiating power across key global trading basins