Weekly Freight Recap: 25/04/24
Apr 25, 2024
PANAMAX
Atlantic: Activity decreased in the North Atlantic, with most recent cargoes covered, indicating potential rate adjustments downward. However, the ECSA remained relatively steady with decent demand projected from mid-May.
Pacific: Signs of weakening were observed, especially from Indonesia, due to a seasonal dip in coal demand. Despite a stable tonnage count, a lack of bids cast uncertainty on the true market value.
SUPRAMAX
Atlantic: Healthy activity levels were observed across the basin for geared sizes. Markets continued to push, albeit stronger than seasonality suggests. Signs of market flattening were noted, with expectations of a sideways trend in the near future.
Pacific: After days of lackluster activity, an increase in cargo volumes from ECSA was observed. Improved commodity prices are expected to bring more cargoes into the market in the coming weeks. Period market remains strong, with major operators scouting for long period tonnage.
HANDYSIZE
Atlantic: Pressure mounted on prompt tonnage, with limited fresh enquiry reported. While stability prevailed, there were indications of potential rate adjustments as activity slowed in the South Atlantic.
Pacific: Positivity remained evident, with a steady flow of fresh enquiry across all loading regions. Owners continued to see small gains, indicating a relatively stable market in the Asia region.
Weekly Recaps
Commodities
Agri- Commodities:
9-13/6/25 Agri
Jun 16, 2025
Grain markets were pulled in opposing directions throughout Week 24, as favorable crop prospects, geopolitical shocks, and U.S. policy developments generated volatile trading. The week opened with a sharp sell-off in corn and wheat, as improved U.S. crop conditions and benign weather forecasts reinforced expectations of ample supplies. Corn and wheat both fell more than 2% on Monday, effectively wiping out prior gains. U.S. crop ratings surprised to the upside, with corn at 71% good to excellent and soybeans at 68%. Concurrently, stronger forecasts for Russian and Romanian wheat harvests added further pressure, while China’s surging soybean imports – largely sourced from Brazil – highlighted its continued pivot away from U.S. origin.
Freight
Freight Recap:
12/06/25
Jun 12, 2025
The Panamax Atlantic market strengthened further, particularly in the North where limited tonnage availability led owners to raise offers.
Commodities
Agri- Commodities:
2-6/6/25 Agri
Jun 09, 2025
Grain markets opened June on a mixed footing, with wheat futures initially rallying on renewed geopolitical fears following escalations between Ukraine and Russia. However, the rally soon fizzled as U.S. crop progress data turned sentiment more bearish. Spring and winter wheat condition ratings exceeded expectations, with plantings and harvests advancing steadily. Meanwhile, USDA export inspections showed strong corn loadings, but soybeans and wheat lagged.
Freight
Freight Recap:
05/06/25
Jun 05, 2025
The Panamax Atlantic market showed signs of a strong rebound, especially in both the North and South where firmer bids and tightening tonnage contributed to rising sentiment. Fixtures suggested that some charterers may have overplayed their hand, triggering a jump in rates
