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
Commodities
Agri- Commodities:
11-15/08/25 Agri
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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
