Weekly Freight Recap: 16/01/25
Jan 16, 2025
PANAMAX Atlantic: The Atlantic market faced persistent challenges with limited demand from South America and an oversupply of tonnage. Northern regions saw fixtures concluded at discounted levels due to scarce activity, while grain trades struggled to hold steady. Ballaster positions remained under pressure, reflecting subdued sentiment.
Pacific: The Pacific market offered slightly more activity on longer routes, particularly NoPac runs, but shorter voyages faced significant rate pressure. Grain trades in the East provided some support, but overall, the market remained weak due to oversupply. Recovery is unlikely before increased coal trades and South American soybean exports boost activity.
SUPRAMAX Atlantic: Weak demand and abundant tonnage supply kept rates under pressure across the region. The US Gulf showed signs of stabilizing for transatlantic runs, but the Continent and Mediterranean markets remained quiet. Slight improvements in the South Atlantic were insufficient to balance the market.
Pacific: Soft demand and a growing tonnage list dominated, with owners adjusting expectations amid limited fresh cargo availability. Charterers continued to hold the upper hand across the basin. HANDYSIZE Atlantic: Activity was sparse across the US Gulf, South Atlantic, and Mediterranean regions, where excessive tonnage weighed heavily on sentiment.
Pacific: The market stayed under pressure, with Southeast Asia seeing a buildup of tonnage and limited demand. Rates remained weak with no signs of imminent recovery.
Weekly Recaps
Commodities
Agri- Commodities:
9-13/6/25 Agri
Jun 16, 2025
Grain markets were pulled in opposing directions throughout Week 24, as favorable crop prospects, geopolitical shocks, and U.S. policy developments generated volatile trading. The week opened with a sharp sell-off in corn and wheat, as improved U.S. crop conditions and benign weather forecasts reinforced expectations of ample supplies. Corn and wheat both fell more than 2% on Monday, effectively wiping out prior gains. U.S. crop ratings surprised to the upside, with corn at 71% good to excellent and soybeans at 68%. Concurrently, stronger forecasts for Russian and Romanian wheat harvests added further pressure, while China’s surging soybean imports – largely sourced from Brazil – highlighted its continued pivot away from U.S. origin.
Freight
Freight Recap:
12/06/25
Jun 12, 2025
The Panamax Atlantic market strengthened further, particularly in the North where limited tonnage availability led owners to raise offers.
Commodities
Agri- Commodities:
2-6/6/25 Agri
Jun 09, 2025
Grain markets opened June on a mixed footing, with wheat futures initially rallying on renewed geopolitical fears following escalations between Ukraine and Russia. However, the rally soon fizzled as U.S. crop progress data turned sentiment more bearish. Spring and winter wheat condition ratings exceeded expectations, with plantings and harvests advancing steadily. Meanwhile, USDA export inspections showed strong corn loadings, but soybeans and wheat lagged.
Freight
Freight Recap:
05/06/25
Jun 05, 2025
The Panamax Atlantic market showed signs of a strong rebound, especially in both the North and South where firmer bids and tightening tonnage contributed to rising sentiment. Fixtures suggested that some charterers may have overplayed their hand, triggering a jump in rates
