Weekly Freight Recap: 25/07/24
Jul 25, 2024
PANAMAX
Atlantic: The Atlantic Panamax market showed strength with tightening tonnage in the North Atlantic and additional cargoes in the South Atlantic. Notable fixtures included a vessel fixed for a North Coast South America to Skaw-Barcelona trip at a premium rate. The East Coast South America (ECSA) region remained stable, trading around 16,500/17,000 BKI. Although overall activity was subdued, the North Continent saw slight gains, supported by steady demand for Black Sea grain.
Pacific: In the Pacific, Panamax conditions were balanced despite potential disruptions from Typhoon Gaemi. Increased cargo flows and slightly longer tonnage lists were reported. Key fixtures included a North Pacific trip to the Singapore-Japan range and an East Coast Australia to Japan trip. Delays and port closures in China had minimal impact, with owners hopeful for continued market activity.
SUPRAMAX
Atlantic: The Atlantic Supramax market faced mixed fortunes with limited fresh inquiries from the Continent and Mediterranean. US Gulf fronthaul requirements lost momentum, but the South Atlantic showed resilience with stronger levels for later dates. Notable fixtures included a Texas to India petcoke trip and fresh orders for sulphur cargoes, supporting a positive outlook.
Pacific: In Asia, the Supramax market remained healthy with improved cargo volumes and limited prompt tonnage. Noteworthy fixtures included a North China to Arabian Gulf trip and a backhaul to the US Gulf. Indonesian and Southeast Asian markets saw rates around 18,000/19,000 levels for China-bound trips. Increased demand for period tonnage, particularly for Supramax and Ultramax sizes, reflected optimism.
HANDYSIZE
Atlantic:The Atlantic Handysize market was quiet, with limited activity and a marginal increase in the Baltic Handysize Index (BHSI). The Continent and Mediterranean slowed due to a lack of fresh inquiries, but the South Atlantic improved as vessel lists tightened. Notable fixtures included a Recalada to Morocco grain trip. US Gulf sentiment remained positive, driven by a tonnage-to-cargo imbalance.
Pacific: In the Pacific, the Handysize market faced softer tones with limited cargo availability from Australia and Indonesia. Activity was restrained, with notable fixtures including a Caribbean to Iceland trip. The general outlook remained cautious, with owners and charterers hoping for a more balanced supply-demand scenario.
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
