Weekly Freight Recap: 10/10/24
Oct 10, 2024
PANAMAX
Atlantic: The Panamax market saw modest gains this week, with fronthaul rates improving due to strong activity from the US East Coast and Gulf, particularly for coal and grain exports. However, tonnage buildup in the north and weaker demand from South America and Europe kept the overall outlook balanced.
Pacific: In the Pacific, demand from Southeast Asia remained steady despite regional holidays. Strong support came from Indonesian coal exports, though growth was tempered by weaker Brazilian crop shipments and only moderate demand from India and China.
SUPRAMAX
Atlantic: In the Atlantic, the Supramax market remained largely positional. While the US Gulf showed signs of recovery with increased demand, the Mediterranean and South Atlantic stayed quiet with minimal fresh inquiries. Overall, the region held steady but without significant upward momentum.
Pacific: In the Pacific, sentiment was more positive, although weak demand persisted in some areas. Tonnage availability grew, but rates remained stable due to ongoing demand from Southeast Asia and the Indian Ocean.
HANDYSIZE
Atlantic: The Handy market in the Atlantic saw little change, with rates holding steady. While some fresh demand appeared in the South Atlantic, the US Gulf and Mediterranean markets stayed balanced, supported by stable fundamentals.
Pacific: In the Pacific, increased tonnage has been matched by robust cargo volumes, keeping rates healthy. However, limited fixtures suggest a cautious outlook moving forward.
Weekly Recaps
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
Commodities
Agri- Commodities:
27–1/8/25 Agri
Aug 04, 2025
Monday opened with pressure across CBOT markets as favorable U.S. weather and Argentina’s cut to export taxes weighed on soybeans and corn, pushing both further below key psychological thresholds of $10 and $4, respectively. A new EU–U.S. trade agreement failed to lift agricultural prices but contributed to a sharp decline in the EUR/USD, offering direct support to MATIF wheat. U.S. wheat futures remained mostly unchanged.
