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
Commodities
Agri- Commodities:
11-15/08/25 Agri
Aug 18, 2025
Grain markets experienced another volatile week as political developments, trade disputes, and bearish USDA data drove sentiment. Early in the week, soybeans surged on speculation that Chinese buying might resume following Donald Trump’s extension of tariff pauses, but corn and wheat failed to follow. Export inspections painted a mixed picture, with corn and soybeans performing well while wheat lagged. The USDA’s August WASDE loomed large over the market, with traders bracing for higher yield estimates.
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
