Weekly Freight Recap: 01/08/24
Aug 01, 2024
PANAMAX
Atlantic: The Panamax market in the Atlantic basin faced significant declines, particularly impacted by an underperforming South American market. Limited activity in the North Atlantic, with few mineral voyage business deals, contributed to a negative sentiment. Rates remained lower than index levels, driven by a lack of visibility and limited fresh inquiries. There was a cautious outlook, with mixed views on market stability and the summer season further adding to the uncertainty.
Pacific: In the Pacific, there was slightly better activity compared to the Atlantic, yet rates continued to fall. Owners were discounting shorter runs to minimize exposure to low rates. The market struggled to find a floor, with ongoing uncertainty and reduced demand. Despite some activity, the overall sentiment remained cautious, reflecting the broader challenges faced across the Panamax segment.
SUPRAMAX
Atlantic: The Supramax market in the Atlantic remained lackluster with minimal fresh inquiries. The US Gulf, in particular, saw rates under negative pressure due to a lack of new activity. The South Atlantic also experienced reduced interest and weakening rates, mirroring the broader trend in the region. Few fixtures were reported, and overall sentiment was cautious with a prevailing negative outlook.
Pacific: In the Pacific, the Supramax market lost ground due to limited fresh inquiries. Activity was sparse, with both owners and charters adopting a 'wait and see' approach. However, the Indian Ocean showed a bit more activity, driven by sulphur shipments, though this did not significantly impact the overall market. The general mood in the Pacific was one of caution, with mixed opinions on potential upward pressure in specific areas.
HANDYSIZE
Atlantic: The Handysize market in the Atlantic was subdued with little action reported. In the Continent, there were signs of slight resistance from owners, although concrete details were scarce. The US Gulf seemed to gain ground, though no actual fixtures were heard. The South Atlantic remained finely balanced with limited fresh inquiries, reflecting broader market trends.
Pacific: The Pacific market for Handysize vessels saw limited fresh inquiries, with a generally pessimistic sentiment prevailing. There was a lack of new fixtures, making it difficult to gauge market direction. Despite the subdued activity, the market saw a slight gain in average rates, though overall sentiment remained cautious and uncertain. The 'wait and see' approach dominated, with market participants hesitant to commit amid unclear prospects.
Weekly Recaps
Freight
Freight Recap:
14/08/25
Aug 14, 2025
The dry bulk market presented a mixed performance this week, with the Supramax segment edging higher, Handysize holding steady with minor gains, and Panamax showing a regional split — weaker in the Atlantic, firmer in the Pacific.
Commodities
Agri- Commodities:
04–08/08/25 Agri
Aug 11, 2025
Grain markets swung sharply this week, rebounding midweek before easing, driven by yield outlooks, export data, and geopolitical headlines.
Freight
Freight Recap:
7/08/25
Aug 07, 2025
Port of Callao halted operations after an Evergreen ship lost 50 containers during rough weather. Meanwhile, July's freight data shows the market stuck in a supply-heavy “holding pattern,” with capacity expanding but pricing rising faster — suggesting a slow, uneven recovery in logistics and transportation
Commodities
Agri- Commodities:
27–1/8/25 Agri
Aug 04, 2025
Monday opened with pressure across CBOT markets as favorable U.S. weather and Argentina’s cut to export taxes weighed on soybeans and corn, pushing both further below key psychological thresholds of $10 and $4, respectively. A new EU–U.S. trade agreement failed to lift agricultural prices but contributed to a sharp decline in the EUR/USD, offering direct support to MATIF wheat. U.S. wheat futures remained mostly unchanged.
