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:
03/07/25
Jul 03, 2025
The Panamax market held broadly steady this week, though signs of softening began to emerge toward the close, particularly in areas where prompt tonnage began to outpace fresh demand. Across the Atlantic, sentiment remained mixed.
Commodities
Agri- Commodities:
23–27/06/25 Agri
Jun 30, 2025
The week opened with a sharp pullback across grain markets as the geopolitical risk premium evaporated following U.S. President Trump’s announcement of a ceasefire between Iran and Israel. While the truce remained fragile—lacking official confirmation from Israel—market sentiment quickly pivoted back to fundamentals. Pressure mounted as U.S. crop conditions were mixed and EU wheat yield projections were revised higher, particularly in southern and eastern Europe. U.S. export inspections provided little optimism, with soybeans and wheat underperforming, and fund positioning indicated heavy corn selling alongside increased soybean buying.
Freight
Freight Recap:
26/06/25
Jun 19, 2025
The Panamax market continued to show resilience this week, holding around the USD 12,800/day level on the 5TC index. Gains were seen across both basins, driven by steady demand and tightening tonnage in key loading areas.
Commodities
Agri- Commodities:
16–20/06/25 Agri
Jun 23, 2025
Monday opened with wheat and corn giving back gains from the prior session, pressured by generally favorable U.S. crop outlooks. Corn conditions improved to 72% good-to-excellent (G/E), aligning with last year’s level, while soybean ratings declined to 66% G/E. Winter wheat condition unexpectedly slipped, and harvest progress remained significantly delayed. Export inspections showed continued strength for corn, while soybean oil surged on tighter-than-expected NOPA stocks. Geopolitics hovered in the background as Iran signaled a desire to avoid escalation with Israel, while Turkey offered to mediate talks.
