Weekly Freight Recap: 28/11/24
Nov 29, 2024
PANAMAX
Atlantic: The Atlantic Panamax market struggled with weak fundamentals, as grain volumes remained low and coal demand softened due to high inventories and mild weather. Mineral cargoes provided limited support, but fronthaul routes were pressured by an oversupply of vessels heading East. Rates continued to decline, with demand insufficient to balance the market. Recovery is unlikely without a significant uptick in grain demand and stronger fundamentals.
Pacific: The Pacific market saw limited activity, with demand from key origins remaining subdued. Some support came from southern minerals and tenders, but an oversupply of tonnage kept pressure on rates. Modest improvements in forward freight markets offered slight optimism, but meaningful recovery requires a tightening of vessel supply and higher cargo volumes.
SUPRAMAX
Atlantic: The Supramax market remained weak due to limited cargo volumes and an oversupply of vessels. In the South Atlantic, activity was minimal, with rates steady but under pressure. The Mediterranean and Continent lacked fresh demand, further frustrating owners. Period activity was slow, with little optimism for a significant improvement in the short term.
Pacific: In the Pacific, northern regions saw slower activity, while southern areas showed slight optimism. Indonesian coal cargoes provided some movement, but overall demand remained insufficient to ease the oversupply of vessels. The Indian Ocean saw modest activity, but rates stayed subdued across most regions.
HANDYSIZE
Atlantic: The Handysize market in the Continent and Mediterranean weakened as fresh demand failed to materialize. In the US Gulf, activity was limited due to holiday-related slowdowns, while the South Atlantic remained stable but under pressure.
Pacific: In the Pacific, the market faced challenges with rising vessel availability and limited cargo options. Anticipation of steel orders in December offered some hope, but current sentiment remained weak, and rates were under pressure across the region.
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
