Weekly Freight Recap: 14/11/24
Nov 14, 2024
PANAMAX
Atlantic: The Panamax market showed signs of stability, especially in the North Atlantic, where demand for transatlantic routes remained steady, mainly supported by US Gulf grain and coal shipments. Reduced tonnage gave owners some leverage, despite limited fronthaul demand. Some Atlantic voyage fixtures achieved higher-than-previous time charter levels, with mixed views on further gains.
Pacific: In Asia, steady demand for North Pacific grain and Indonesian routes contributed to stable rates, with quality vessels securing premiums. Although the market sentiment was firmer, gains remained modest compared to the Atlantic. The period market also saw notable activity, with several vessels fixed on longer-term charters at stable rates.
SUPRAMAX
Atlantic: The Supramax market experienced rate declines across regions, with low cargo volumes in the US Gulf and Continent covered below previous levels due to high tonnage. Despite some activity in West Africa, limited fresh demand led to bearish sentiment. Overall, the lack of enquiry in the Mediterranean and ample available vessels exerted downward pressure on rates.
Pacific: In the Pacific, Indonesia-India coal routes saw rates fall below recent benchmarks, with ample tonnage and weak demand causing further softening. Asian brokers also reported decreased demand in northern routes, mirroring the overall downward trend in rates. Period activity remained low, reflecting subdued interest in the current market.
HANDYSIZE
Atlantic: Handysize sentiment stayed weak, driven by high tonnage and low activity in the US Gulf and South Atlantic, putting downward pressure on rates. Limited fresh demand in the Continent and Mediterranean kept rates slightly below last-done levels, especially for scrap cargoes, which saw some activity but no major rate improvements.
Pacific: In the Pacific, the market remained quiet, with limited fixing activity and lower bids from charterers. Demand in both North and Southeast Asia was minimal, leading to lower rates. The overall market outlook stayed soft, with continued downward pressure reflected in rate declines.
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
