Weekly Freight Recap: 04/10/24
Oct 04, 2024
PANAMAX
Atlantic: The market experienced mixed activity this week. Despite increased mineral cargoes from the US East Coast providing some support, overall trading remained subdued, with a softening of rates due to rising vessel availability.
Pacific: The market showed more stability driven by stronger demand, particularly from India. However, regional holidays contributed to slower activity, keeping sentiment cautious despite some emerging demand from Australia and stable rates.
SUPRAMAX
Atlantic: The Supramax market in the Atlantic continued to face challenges, with limited new inquiries and downward pressure on rates due to growing vessel supply. Some support came from mineral cargoes, but overall sentiment remained weak.
Pacific: Conversely, the Pacific market exhibited more resilience, driven by robust demand from India. Nonetheless, activity remained minimal, with rates dipping below previous levels, reflecting a cautious outlook amid regional holidays.
HANDYSIZE
Atlantic: The Handy market in the Atlantic saw mixed sentiment, with some prompt cargoes being covered. However, the South Atlantic and US Gulf struggled with limited inquiries and an expanding tonnage list.
Pacific: In the Pacific, activity remained positive, supported by tight tonnage availability and healthy cargo volumes, though further details on fixtures were limited.
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.
