Weekly Freight Recap: 24/10/24
Oct 24, 2024
PANAMAX
Atlantic: The Panamax market started the week slowly, with owners lowering rate expectations due to an oversupply of tonnage, especially in the East Coast South America region. While there was some improvement in Atlantic inquiries, overall sentiment remained negative, as the growing number of ships put downward pressure on rates.
Pacific: The market faced softening conditions, though the Indonesian market remained more stable. However, with increasing tonnage lists and limited fresh demand, there were concerns about further rate declines as the week progressed.
SUPRAMAX
Atlantic: The Supramax market had a mixed week. Demand for fronthaul business remained steady in the US Gulf, though transatlantic rates softened as recent gains paused. The Mediterranean saw improved demand, with a better outlook for the coming weeks.
Pacific: In Asia, the market continued to decline gradually. There was limited fresh inquiry, and the Indian Ocean remained mostly quiet. Owners were cautious as tonnage availability increased, keeping pressure on rates despite some pockets of activity.
HANDYSIZE
Atlantic: The Handysize market remained positive, particularly in the Continent and Mediterranean regions, where scrap orders boosted rates. However, in the South Atlantic, the market was more subdued, with few notable changes. The US Gulf held steady with stable fundamentals, maintaining current rate levels.
Pacific: Conditions were softer as tonnage continued to grow. Limited cargo from the North Pacific and Australia led to downward pressure, although the market remained stable in parts of Southeast Asia.
Weekly Recaps
Freight
Freight Recap:
18/12/25
Dec 18, 2025
The dry bulk market saw a softer overall tone, with Handysize holding largely flat, Supramax weakening across both basins, and Panamax continuing its decline despite some localized Atlantic support. Activity levels remained muted in many regions, with owners increasingly seeking cover ahead of the holiday period. The Atlantic showed mixed signals across segments, while the Pacific faced longer tonnage lists and weaker demand, keeping pressure on rates.
Commodities
Agri- Commodities:
08-12/12/25 Agri
Dec 15, 2025
CBOT markets finished lower ahead of Tuesday’s WASDE, which was widely expected to lack bullish surprises. MATIF wheat was the exception, posting small gains. Russian 12.5% protein wheat FOB for January delivery edged up by $0.5 w/w to $227.5/t, according to IKAR. Geopolitical headlines remained in focus after Ukrainian President Volodymyr Zelenskiy said US-brokered peace talks remain stalled over security guarantees and control of eastern Ukraine, particularly the Donbas.
Freight
Freight Recap:
11/12/25
Dec 11, 2025
The dry bulk market saw a softer overall tone, with Handysize holding largely flat, Supramax weakening across both basins, and Panamax continuing its decline despite some localized Atlantic support. Activity levels remained muted in many regions, with owners increasingly seeking cover ahead of the holiday period. The Atlantic showed mixed signals across segments, while the Pacific faced longer tonnage lists and weaker demand, keeping pressure on rates.
Commodities
Agri- Commodities:
01-05/12/25 Agri
Dec 08, 2025
USDA announced no new flash sales, disappointing soybean markets. Weekly export sales remain delayed and have not yet reached the period covering the US–China trade deal, leaving the true pace of buying uncertain. CBOT corn and wheat eased, while March MATIF wheat posted small gains after finding support at intraday contract lows. ABARES raised Australia’s 2025/26 wheat, barley, and canola output, though the increases were broadly in line with expectations. Algeria’s OAIC issued a soft wheat tender for February shipment, and Russian wheat prices slipped again, with 12.5% FOB for January at $227/t.
