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
Commodities
Agri- Commodities:
08-12/12/25 Agri
Dec 15, 2025
CBOT markets finished lower ahead of Tuesday’s WASDE, which was widely expected to lack bullish surprises. MATIF wheat was the exception, posting small gains. Russian 12.5% protein wheat FOB for January delivery edged up by $0.5 w/w to $227.5/t, according to IKAR. Geopolitical headlines remained in focus after Ukrainian President Volodymyr Zelenskiy said US-brokered peace talks remain stalled over security guarantees and control of eastern Ukraine, particularly the Donbas.
Freight
Freight Recap:
11/12/25
Dec 11, 2025
The dry bulk market saw a softer overall tone, with Handysize holding largely flat, Supramax weakening across both basins, and Panamax continuing its decline despite some localized Atlantic support. Activity levels remained muted in many regions, with owners increasingly seeking cover ahead of the holiday period. The Atlantic showed mixed signals across segments, while the Pacific faced longer tonnage lists and weaker demand, keeping pressure on rates.
Commodities
Agri- Commodities:
01-05/12/25 Agri
Dec 08, 2025
USDA announced no new flash sales, disappointing soybean markets. Weekly export sales remain delayed and have not yet reached the period covering the US–China trade deal, leaving the true pace of buying uncertain. CBOT corn and wheat eased, while March MATIF wheat posted small gains after finding support at intraday contract lows. ABARES raised Australia’s 2025/26 wheat, barley, and canola output, though the increases were broadly in line with expectations. Algeria’s OAIC issued a soft wheat tender for February shipment, and Russian wheat prices slipped again, with 12.5% FOB for January at $227/t.
Freight
Freight Recap:
04/12/25
Dec 04, 2025
The dry bulk market saw a generally mixed performance, with Handysize remaining supported in the Atlantic, Supramax showing uneven movement across regions, and Panamax continuing its correction as rising vessel supply weighed on sentiment. Atlantic dynamics were split between firmer US Gulf/US East Coast activity in the smaller segments and softer conditions for Panamax. In the Pacific, muted enquiry and longer lists contributed to a softer tone, especially in NoPac, though isolated strength persisted in Australian coal.
