Weekly Freight Recap: 27/02/25
Feb 27, 2025
PANAMAX Atlantic: The Panamax market faced downward pressure, with a lack of fresh inquiries in the North Atlantic and softer conditions in the South Atlantic. Tonnage availability increased due to reduced demand, particularly for fronthaul cargoes. Some owners sought to resist lower rates, but the overall sentiment remained weak, with limited fixtures reported.
Pacific: The Pacific market also softened as coal and grain volumes eased, while some cargoes shifted to larger vessels. Owners faced pressure to adjust offers downward, but charterers held back, expecting further corrections. Market activity remained subdued, with only a few fixtures emerging.
SUPRAMAX Atlantic: The Supramax market saw mixed conditions. The Mediterranean and Continent regions showed steady demand, while the US Gulf remained stable but lacked fresh momentum. The South Atlantic continued to balance between supply and demand, with owners trying to hold onto gains despite some downward pressure.
Pacific: The Pacific market remained firm, although sentiment appeared to be leveling off. Limited fresh inquiries in the Indian Ocean region kept rates stable, while Southeast Asia maintained healthy levels of demand. Period interest persisted, but confirmed fixtures were scarce.
HANDYSIZE Atlantic: The Handysize market maintained a steady pace, with the Continent and Mediterranean seeing gradual improvements. The South Atlantic remained active, although bid-offer spreads were flat. The US Gulf held stable, with market fundamentals unchanged from previous levels.
Pacific: The Pacific market showed mixed signals. While demand in North Asia slightly weakened, Southeast China experienced a modest rise in tonnage availability. Some fixtures were concluded at stable levels, but overall sentiment remained uncertain.
Weekly Recaps
Freight
Freight Recap:
17/07/25
Jul 17, 2025
Shipping markets confront growing disruption amid unexplained Russian bank freezes and impending US trade tariffs, complicating payments and trade between key regions.
Commodities
Agri- Commodities:
07–11/07/25 Agri
Jul 14, 2025
Grain markets fell on favorable U.S. weather and better crop ratings. Corn dropped to a one-week low; wheat declined as harvest reached 53%. Soybeans were steady, supported by strong export demand and positioning ahead of pollination. USDA data showed higher corn and soybean export inspections, including firm soybean export demand. New corn sales to Mexico and a wheat agreement with Indonesia also added to the day’s developments. Market watched updated crop ratings, fund moves, tariffs, and EU trade data.
Freight
Freight Recap:
10/07/25
Jul 10, 2025
Shipping markets continue to face growing security risks. Two alarming incidents were reported in the Red Sea, where a Greek-operated bulk carrier was seriously damaged by a sea drone attack, resulting in injuries and crew missing.
Commodities
Agri- Commodities:
30–04/07/25 Agri
Jul 07, 2025
The week began with growing consensus that the USDA’s upcoming acreage revisions will have minimal impact on U.S. corn and soybean supply estimates. This outlook kept prices largely steady in those markets. Wheat continued to face pressure, with September and December MATIF milling wheat futures falling to new contract lows before recovering slightly, supported only by the lack of fresh bearish information from the USDA.
