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
Freight
Freight Recap:
18/12/25
Dec 18, 2025
The dry bulk market saw a softer overall tone, with Handysize holding largely flat, Supramax weakening across both basins, and Panamax continuing its decline despite some localized Atlantic support. Activity levels remained muted in many regions, with owners increasingly seeking cover ahead of the holiday period. The Atlantic showed mixed signals across segments, while the Pacific faced longer tonnage lists and weaker demand, keeping pressure on rates.
Commodities
Agri- Commodities:
08-12/12/25 Agri
Dec 15, 2025
CBOT markets finished lower ahead of Tuesday’s WASDE, which was widely expected to lack bullish surprises. MATIF wheat was the exception, posting small gains. Russian 12.5% protein wheat FOB for January delivery edged up by $0.5 w/w to $227.5/t, according to IKAR. Geopolitical headlines remained in focus after Ukrainian President Volodymyr Zelenskiy said US-brokered peace talks remain stalled over security guarantees and control of eastern Ukraine, particularly the Donbas.
Freight
Freight Recap:
11/12/25
Dec 11, 2025
The dry bulk market saw a softer overall tone, with Handysize holding largely flat, Supramax weakening across both basins, and Panamax continuing its decline despite some localized Atlantic support. Activity levels remained muted in many regions, with owners increasingly seeking cover ahead of the holiday period. The Atlantic showed mixed signals across segments, while the Pacific faced longer tonnage lists and weaker demand, keeping pressure on rates.
Commodities
Agri- Commodities:
01-05/12/25 Agri
Dec 08, 2025
USDA announced no new flash sales, disappointing soybean markets. Weekly export sales remain delayed and have not yet reached the period covering the US–China trade deal, leaving the true pace of buying uncertain. CBOT corn and wheat eased, while March MATIF wheat posted small gains after finding support at intraday contract lows. ABARES raised Australia’s 2025/26 wheat, barley, and canola output, though the increases were broadly in line with expectations. Algeria’s OAIC issued a soft wheat tender for February shipment, and Russian wheat prices slipped again, with 12.5% FOB for January at $227/t.
