Weekly Freight Recap: 09/01/25
Jan 09, 2025
PANAMAX
Atlantic: The Atlantic market began with initial strength due to limited New Year tonnage, but rates flattened as more vessels entered the region. In the south, oversupply led to discounted rates, and forward fixing remained cautious. Spot vessels maintained premiums, but lack of fresh demand in the north and a long tonnage list saw rates ease, favoring charterers. EC South America faced additional pressure from long ballast lists and sub-index equivalent fixtures for early February.
Pacific: Weak sentiment dominated, with limited volumes ex-Indonesia and an oversupply of tonnage weighing on rates. NoPac grains and petcoke cargoes provided modest support, while Australian rounds lagged. Despite an uptick in activity ex-Australia, the tonnage list continued to outpace demand. Anticipation for February’s Brazilian soybean exports is building, but short-term prospects remain weak.
SUPRAMAX
Atlantic: Subdued activity across the Atlantic saw rates remain soft amid oversupply in the Continent-Mediterranean, South Atlantic, and US Gulf. While trans-Atlantic runs showed relative stability, limited fresh inquiries kept sentiment poor. The East Mediterranean also remained under pressure, with minimal signs of improvement ahead of the holidays.
Pacific: Limited demand from Indonesia and Australia, coupled with a long tonnage list, kept rates under pressure. Fixtures for trips from North China with steels and other cargoes reflected muted sentiment. Slight positional strength appeared in some cases, but overall, the market lacked momentum, and rates continued to drift lower.
HANDYSIZE Atlantic: The Continent and Mediterranean markets faced weak demand and a long tonnage list, with rates reflecting soft conditions. In the South Atlantic, pre-holiday coverage provided minor activity, but weak fundamentals persisted. The US Gulf also saw limited fresh fixing opportunities, contributing to an overall quiet market.
Pacific: Activity showed a slight uptick, but an oversupply of vessels weighed on rates. Charterers held back, forcing owners to reduce offers to secure fixtures. While some stability appeared in the cargo book, rates remained under pressure with no immediate signs of a rebound.
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.
