UK Maritime Trade Operations said local authorities reported an engine-room fire aboard an oil tanker.

US May core CPI m/m was 0.2% vs 0.3% expected. John Briggs, Natixis North America head of US rates strategy, said the slightly softer-than-expected monthly core inflation could reinforce the view that the peak in war-related inflation may be behind us and that the inflation outlook could improve, provided oil prices remain stable.

Baltic Dry Index fell 98 points, or 3.36%, to 2,818, weighed by weakness in Capesize and Panamax rates. The Capesize index slid 278 points (5.9%) to 4,441; Capesize daily earnings fell $2,524 to $36,771. The Panamax index dropped 13 points (0.6%) to 2,205; Panamax daily earnings declined $120 to $19,846. Supramax rose 18 points (1.1%) to 1,614 and the Handysize index gained 3 points to 868.