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:
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.
