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

Freight

Freight Recap:
04/09/25

Sep 04, 2025

The dry bulk freight market maintained a firm tone this week, with Handysize, Supramax, and Panamax indices all showing gains.

Commodities

Agri- Commodities:
25-29/08/25 Agri

Sep 01, 2025

Soybeans fell, while C-B-O-T wheat and corn closed in the green, though both retreated from intraday highs as the dollar strengthened. A weaker euro supported M-A-T-I-F wheat, which rebounded but remains in back-and-forth trade. U.S. corn and soybean condition ratings came in stronger than expected, though findings from last week’s crop tour continue to cast doubt on the USDA’s corn yield projection.

Freight

Freight Recap:
28/08/25

Aug 28, 2025

The dry bulk freight market maintained a firm tone this week, with Handysize, Supramax, and Panamax indices all showing gains.

Commodities

Agri- Commodities:
18-22/08/25 Agri

Aug 25, 2025

Grain markets opened the week quietly, with price changes in most U.S. futures limited to within half a percent as traders awaited Donald Trump’s meeting with Volodymyr Zelensky in Washington, the weekly U.S. crop conditions report, and the first findings from the U.S. crop tour. MATIF wheat closed slightly higher, led by the front contract on reports of demand for French wheat.

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