Weekly Freight Recap: 12/09/24
Sep 12, 2024
PANAMAX
Atlantic: The Panamax market saw moderate gains this week, with improved sentiment for short trans-Atlantic trips, particularly for mineral cargoes. In the South Atlantic, earlier vessels continue to face challenges for September dates, but mid-October arrivals show firmer rate discussions. Fronthaul routes saw some positive developments, while the North Atlantic remains pressured by excess tonnage.
Pacific: In the Pacific, rates picked up slightly as demand for North Pacific grain shipments increased. Owners offering flexible loading options from both North Pacific and Australia achieved better rates. Although activity was slower, the market maintained its positive trend.
SUPRAMAX
Atlantic: The Supramax market saw some improvement in trans-Atlantic rates from the US Gulf, though the South Atlantic remained slow with fewer fresh inquiries. The Continent-Mediterranean region was quiet with limited activity.
Pacific: In Asia, nickel ore trades saw increased interest, particularly from the Philippines to China. However, upcoming holidays kept some charterers from committing to fixtures. Overall, rates held steady, supported by healthy cargo volumes.
HANDYSIZE
Atlantic: The Handysize market experienced minimal activity, with sentiment softening in the Continent and Mediterranean. The US Gulf continued to struggle with an imbalance of cargo and available tonnage. In the South Atlantic, a slight increase in fresh demand was noted, but it wasn't enough to change the overall market tone.
Pacific: In Asia, the market remained steady despite a growing tonnage list. Healthy cargo volumes helped keep rates stable at recent levels.
Weekly Recaps
Commodities
Agri- Commodities:
11-15/08/25 Agri
Aug 18, 2025
Grain markets experienced another volatile week as political developments, trade disputes, and bearish USDA data drove sentiment. Early in the week, soybeans surged on speculation that Chinese buying might resume following Donald Trump’s extension of tariff pauses, but corn and wheat failed to follow. Export inspections painted a mixed picture, with corn and soybeans performing well while wheat lagged. The USDA’s August WASDE loomed large over the market, with traders bracing for higher yield estimates.
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
