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:
17/07/25
Jul 17, 2025
Shipping markets confront growing disruption amid unexplained Russian bank freezes and impending US trade tariffs, complicating payments and trade between key regions.
Commodities
Agri- Commodities:
07–11/07/25 Agri
Jul 14, 2025
Grain markets fell on favorable U.S. weather and better crop ratings. Corn dropped to a one-week low; wheat declined as harvest reached 53%. Soybeans were steady, supported by strong export demand and positioning ahead of pollination. USDA data showed higher corn and soybean export inspections, including firm soybean export demand. New corn sales to Mexico and a wheat agreement with Indonesia also added to the day’s developments. Market watched updated crop ratings, fund moves, tariffs, and EU trade data.
Freight
Freight Recap:
10/07/25
Jul 10, 2025
Shipping markets continue to face growing security risks. Two alarming incidents were reported in the Red Sea, where a Greek-operated bulk carrier was seriously damaged by a sea drone attack, resulting in injuries and crew missing.
Commodities
Agri- Commodities:
30–04/07/25 Agri
Jul 07, 2025
The week began with growing consensus that the USDA’s upcoming acreage revisions will have minimal impact on U.S. corn and soybean supply estimates. This outlook kept prices largely steady in those markets. Wheat continued to face pressure, with September and December MATIF milling wheat futures falling to new contract lows before recovering slightly, supported only by the lack of fresh bearish information from the USDA.
