Weekly Freight Recap: 26/09/24
Sep 26, 2024
PANAMAX
Atlantic: The Atlantic Panamax market remained subdued with limited fresh demand and a wide bid/offer spread, particularly in East Coast South America where October liftings showed divergence. The North Atlantic saw some increase in tonnage availability, keeping rates stable but without significant momentum. Coal cargoes from the US East Coast provided minimal support, while the Baltic and Black Sea regions remained inactive.
Pacific: In contrast, the Pacific market showed more strength with firmer rates across trades, especially from Australia where some strong rates were concluded. This helped maintain positive sentiment, though the overall market remains cautious, with no major rallies expected despite steady support across regions.
SUPRAMAX
Atlantic: Market continued to struggle, with minimal fresh inquiries, particularly from the US Gulf and South America. While coal cargoes provided some support, the South Atlantic saw little fresh impetus, and sentiment remained positional.
Pacific: Market saw better demand, particularly from Indonesia and India, with some stronger rates agreed. However, overall activity remained limited, and the market started the week in a cautious position.
HANDYSIZE
Atlantic: The Handysize market experienced mixed activity, with more dynamism in the Continent and Mediterranean where demand increased, especially for routes towards the US Gulf and West Africa. Meanwhile, the South Atlantic and US Gulf markets remained under pressure, with limited inquiries and growing tonnage lists.
Pacific: Healthy cargo volumes supported an uptick in activity, with rates slightly rising from previous levels. This led to a generally positive sentiment, though the market remained relatively quiet in the early part of the week.
Weekly Recaps
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.
Freight
Freight Recap:
04/12/25
Dec 04, 2025
The dry bulk market saw a generally mixed performance, with Handysize remaining supported in the Atlantic, Supramax showing uneven movement across regions, and Panamax continuing its correction as rising vessel supply weighed on sentiment. Atlantic dynamics were split between firmer US Gulf/US East Coast activity in the smaller segments and softer conditions for Panamax. In the Pacific, muted enquiry and longer lists contributed to a softer tone, especially in NoPac, though isolated strength persisted in Australian coal.
Commodities
Agri- Commodities:
24-28/11/25 Agri
Dec 01, 2025
Wheat opened the week lower after Saudi Arabia’s tender came in sharply priced, while soybeans and corn also finished slightly weaker. Market reaction to the Trump–Xi call remained muted, particularly for soybeans, where repeated political signals have not delivered the expected demand. Saudi Arabia’s GFSA bought 300k tons of wheat for March–April arrival at $257.96–$259.74/t CnF, roughly $5–$5.50 below the previous tender, with February slots skipped. Russian 12.5% protein wheat eased by $1 to $228/t FOB according to IKAR, and MARS reported that winter-cereal sowing in Europe is largely complete under mostly favorable conditions. US winter wheat conditions improved to 48% good/excellent, two points above the five-year average.
USDA confirmed private sales of 123k tons of US soybeans to China, bringing known 25/26 sales to 1.94 mmt, with an additional 0.62 mmt sold to “unknown” since October. Weekly US export inspections showed 799k tons of soybeans, 1,632k tons of corn, and 475k tons of wheat. No soybeans were shipped to China, leaving total inspections well behind last year’s levels.
Freight
Freight Recap:
27/11/25
Nov 27, 2025
The dry bulk market showed a mostly subdued performance, with Handysize and Supramax sentiment remaining soft across both basins and Panamax maintaining a firm, steady tone driven by continued grain activity. The Atlantic saw mixed conditions, with smaller segments facing limited enquiry while Panamax benefitted from solid U.S. Gulf and East Coast support. In the Pacific, Handy/Supra sectors stayed muted, whereas Panamax demand from Indonesia and Japan kept momentum intact despite some easing in Chinese interest.
