Weekly Freight Recap: 19/09/24
Sep 19, 2024
PANAMAX
Atlantic: Panamax market saw continued gains, with firmer rates concluded for both trans-Atlantic and fronthaul routes, particularly in the North. The South Atlantic, supported by demand from East Coast South America, also showed strength. Seasonal grain and coal demand in Q4 is still expected to support the market.
Pacific: Rates were mixed, with tonnage availability outpacing fresh demand, causing rates to ease. Holidays kept activity lower, though some positive sentiment remains as seasonal shifts approach.
SUPRAMAX
Atlantic: The US Gulf remained fairly robust, with stronger rates achieved, especially for trans-Atlantic routes. However, the South Atlantic continued to weaken due to limited fresh inquiries and an abundance of prompt tonnage. The Continent and Mediterranean lacked momentum, keeping rates stable.
Pacific: Activity in the Pacific was muted, with rates holding around previous levels. Nickel ore trade saw limited interest, while rates were stable overall despite a slight dip in available tonnage.
HANDYSIZE
Atlantic: In the Handysize sector, the US Gulf maintained a supportive trend with a slight improvement in rates. The Continent and Mediterranean markets remained subdued, with rates following recent levels. The South Atlantic experienced limited demand, suggesting a potential drop in rates in the coming days.
Pacific: The Pacific market saw little change, with rates largely stable due to a lack of significant cargo volume. While tonnage counts decreased slightly, the limited demand kept rates near last done levels.
Weekly Recaps
Freight
Freight Recap:
18/04/25
Apr 18, 2025
The Atlantic market saw further pressure with rates declining across most routes. Despite some vessel movement toward South America on hopes of stronger grain activity, this has not translated into stronger sentiment. The region remains oversupplied, and charterers continue to dictate terms, keeping offers low and confidence weak.
Commodities
Agri- Commodities:
7/4- 11/4/25 Agri
Apr 15, 2025
Grain markets began the week relatively stable, despite heightened volatility in U.S. financial markets. The threat of escalating trade tensions between the U.S. and China remained a significant concern, as President Trump proposed additional tariffs on Chinese imports. In the grain markets, U.S. export inspections for soybeans and corn were strong, while wheat inspections fell short of expectations.
Freight
Freight Recap:
10/04/25
Apr 10, 2025
Atlantic: The market remained under pressure with falling rates driven by oversupply and limited fresh demand. While some activity was seen out of South America, it wasn’t enough to shift sentiment. Charterers maintained control, and offers remained far apart from bids, especially on transatlantic routes. Overall, market participants remained cautious, with attention also diverted by global financial uncertainty.
Commodities
Agri- Commodities:
31/3- 4/4/25 Agri
Apr 07, 2025
Grain markets kicked off the week digesting the USDA’s planting intentions report, which offered mild support to wheat and modest pressure on corn. However, corn still managed to finish higher for the old crop, while soybeans slipped slightly. Export inspections showed strong performance for corn and solid showings for wheat and soybeans. Winter wheat conditions held steady in Kansas but declined in Texas and Oklahoma. Market attention began shifting toward President Trump’s anticipated tariff announcement, raising questions over potential trade fallout.
