Weekly Freight Recap: 07/03/25
Mar 07, 2025
PANAMAX Atlantic: In the Atlantic, there were signs of a potential floor in some areas, but the overall sentiment remained flat. A two-tiered market seemed to be developing, with U.S. business commanding a premium over non-U.S. trades due to ongoing trade concerns. South America presented a mixed picture, as March cargoes continued to be discounted while April positions remained untested. Activity remained sluggish, particularly in the latter half of the month, as the growing supply of available vessels weighed on rates.
Pacific: The market struggled with persistent downward pressure. Limited grain demand and reports of canceled Indonesian shipments due to price volatility dampened sentiment. Australian coal cargoes provided some volume, but this was not enough to shift the broader trend. Fresh demand remained scarce, and rates continued to drift lower with little immediate upside expected.
SUPRAMAX Atlantic: In the Atlantic, the market showed little change, with the U.S. Gulf and South America remaining quiet. The Continent and Mediterranean regions also struggled to generate new activity. While some period fixtures were rumored, there was little fresh inquiry, and rates remained under pressure.
Pacific: The market saw some isolated fixtures, but overall demand remained subdued. Cargo availability was limited, and rates faced continued pressure. Some longer-term interest emerged, but this did little to shift the overall outlook, which remained cautious.
HANDYSIZE Atlantic: Activity remained slow, particularly in the U.S. Gulf and South America, where fresh inquiries were scarce. The Continent and Mediterranean regions showed little movement, and vessel availability continued to outpace demand, keeping rates under pressure.
Pacific: Conditions were more stable, with Southeast Asia showing some improvement. A more balanced demand-supply situation supported sentiment, and fixing levels in some areas improved compared to previous weeks. However, overall momentum remained limited, and market participants continued to take a cautious approach.
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
