Weekly Freight Recap: 13/02/25
Feb 13, 2025
PANAMAX Atlantic: The market remained under pressure with weak demand and an oversupply of tonnage, particularly in the North Atlantic. Limited fresh cargo made it difficult for owners to secure strong rates, with charterers holding the upper hand in negotiations. In the South Atlantic, sentiment remained negative, with further corrections for forward positions, particularly for vessels ballasting to East Coast South America.
Pacific: The Pacific market showed some stability, supported by consistent demand from NoPac and Australia. However, overall sentiment was cautious, and rates remained under pressure amid broader market uncertainties. There was some improvement in Indonesian coal activity, which helped absorb tonnage, but fundamentals remained largely unchanged.
SUPRAMAX Atlantic: The Atlantic market maintained positive momentum, with increasing interest in the US Gulf and stronger sentiment in the South Atlantic. However, fixing details were limited, and while the US Gulf remained firm, there were signs it might be leveling off. The Continent and Mediterranean markets remained balanced, with stable demand.
Pacific: The Asian market saw fresh activity, particularly in coal cargoes from Indonesia to India and China. Owners were able to push for slightly stronger rates as demand remained steady. The Indian Ocean remained positional, with some securing improved levels. Period interest increased, reflecting growing confidence in the market.
HANDYSIZE Atlantic: The Atlantic market maintained positive momentum, with increasing interest in the US Gulf and stronger sentiment in the South Atlantic. However, fixing details were limited, and while the US Gulf remained firm, there were signs it might be leveling off. The Continent and Mediterranean markets remained balanced, with stable demand.
Pacific:The Asian market saw fresh activity, particularly in coal cargoes from Indonesia to India and China. Owners were able to push for slightly stronger rates as demand remained steady. The Indian Ocean remained positional, with some securing improved levels. Period interest increased, reflecting growing confidence in the market.
Weekly Recaps
Freight
Freight Recap:
20/11/25
Nov 20, 2025
The dry bulk market showed a steady but uneven performance, with Handysize activity quiet, Supramax maintaining a firm underlying tone, and Panamax supported by stronger fundamentals in both basins. The Atlantic remained broadly stable, supported by positional tightness in some regions, while the Pacific held steady despite lighter fixing. Period and voyage activity continued across segments, reflecting balanced supply and demand dynamics.
Commodities
Agri- Commodities:
10-14/11/25 Agri
Nov 17, 2025
Grain markets firmed at the start of the week as headlines about a possible end to the U.S. government shutdown lifted CBOT futures, while European wheat lagged and improved EU export competitiveness. Market participants noted that, without fresh supportive catalysts, the rally might prove short-lived. Average trade estimates placed U.S. corn and soybean harvests at 92% and 96% complete, with winter wheat 95% planted and 52% good/excellent, though official USDA data remained unavailable due to the shutdown.
Egypt’s state buyer Mostakbal Misr was reported to have bought around 500k tons of wheat for late December–January delivery, including roughly 200k tons from Russia. Russian 12.5% FOB wheat closed last week at $232/t, slightly up on the week. Brazil’s 25/26 corn crop was forecast by Safras at 143.6 mmt, well above USDA’s September estimate. U.S. export inspections showed solid corn and soybean volumes but cumulative soybean loadings remained 6.4 mmt behind last year.
Freight
Freight Recap:
13/11/25
Nov 13, 2025
The dry bulk market showed a mixed performance, with Handysize activity remaining limited, Supramax maintaining firmer sentiment, and Panamax extending its gains on stronger fundamentals. The Atlantic generally held a positive tone across most segments, while the Pacific remained steady but slower, with Asian Handysize and Supramax markets facing softer enquiry and longer tonnage lists. Period interest persisted in both Supramax and Panamax sectors, supported by balanced fundamentals and improving demand signals.
Commodities
Agri- Commodities:
03-07/11/25 Agri
Nov 10, 2025
Soybeans extended their rally on expectations of accelerating Chinese demand, while rumors of U.S. wheat sales to China lifted Chicago futures. Corn stayed firm after StoneX raised its U.S. yield estimate to 186.0 bu/acre, though many still expect revisions lower in upcoming reports. Harvest progress reached 91% for soybeans and 83% for corn, with winter wheat planting nearly complete at 91%.
Export inspections totaled 965k t of soybeans, 1.67 mmt of corn, and 350k t of wheat—broadly in line with expectations. Despite easing trade tensions, Chinese importers continued booking cheaper Brazilian soybeans, reportedly 20 cargoes for December through mid-2026. Kazakhstan’s agriculture ministry reported a 27.1 mmt total harvest, including 20.3 mmt of wheat, far above USDA’s 16 mmt estimate.
