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:
2/10/25
Oct 02, 2025
The dry bulk market displayed mixed conditions, with Handysize maintaining its upward momentum, Supramax undergoing further corrections, and Panamax continuing to weaken across both basins. Atlantic activity showed some resilience in smaller segments, while Asia was muted due to regional holidays. Broader sentiment in larger segments remained under pressure, influenced by excess tonnage and soft FFA signals.
Commodities
Agri- Commodities:
22-26/09/25 Agri
Sep 29, 2025
Grain markets opened the week under pressure after Argentina suspended export taxes on soy, corn, wheat, and by-products. The move sparked expectations of aggressive short-term sales, sending Chicago wheat to fresh contract lows and weighing on soybeans and soy products. MATIF wheat held just above recent lows ahead of Algeria’s tender, though sentiment remained weak as U.S. futures fell again and the euro strengthened to 1.18. U.S. inspections showed lighter soybean and corn volumes, while wheat topped expectations. Crop progress confirmed steady harvest advances but slight condition declines, with winter wheat planting just behind forecasts.
Freight
Freight Recap:
25/09/25
Sep 25, 2025
The dry bulk market showed a split tone. Handysize remained constructive on selective strength, Supramax was steady-to-softer with Atlantic support offset by Pacific pressure, and Panamax firmed on the day with more activity in both basins.
