Weekly Freight Recap: 20/03/25

PANAMAX Atlantic: The market experienced a softer tone, with transatlantic activity losing momentum as increased vessel supply put downward pressure on rates. Fronthaul demand remained steady, driven by grain and coal shipments, though a buildup of tonnage in key loading areas introduced uncertainty. While fixtures continued at reasonable levels, charterers tested lower bids, leading to a more cautious sentiment overall.

Pacific: The region maintained a firmer tone, supported by ongoing demand for North Pacific grain shipments. However, a growing number of available vessels allowed charterers to push for lower rates, widening bid-offer gaps. While activity remained relatively steady, sentiment turned cautious as some operators hesitated to commit amid changing market conditions. Backhaul routes and longer voyages saw mixed interest, with limited fresh inquiries emerging toward the end of the period.

SUPRAMAX Atlantic: The U.S. Gulf continued to show resilience, particularly for transatlantic routes, though signs of a peak emerged as fewer fresh inquiries were reported. The South Atlantic remained steady, with some operators noting stable demand, while others expected a potential correction as more tonnage became available. Fixtures were concluded at consistent levels, though some charterers attempted to test slightly lower bids.

Pacific: After recent improvements, momentum in the north slowed as fresh interest declined, resulting in a more balanced market. Further south, Indonesian coal cargoes and Indian Ocean demand kept activity relatively stable, though resistance on rates started to emerge. Owners remained firm on offers, particularly on backhaul routes, while charterers explored options amid fluctuating sentiment.

HANDYSIZE Atlantic: The Continent and Mediterranean regions saw small rate increases, supported by steady cargo demand and limited open tonnage. In the South Atlantic, rates remained largely stable, with no major shifts in fundamentals. The U.S. Gulf followed a similar pattern, with moderate activity keeping the market balanced but lacking significant upward momentum.

Pacific: The market remained subdued, as rising tonnage availability in Southeast Asia and the North Pacific limited rate improvements. Some charterers showed willingness to bid slightly higher, helping to maintain a degree of optimism among owners. Steel shipments and fertilizer cargoes provided consistent employment opportunities, though the overall pace of activity slowed as the week progressed.