Weekly Freight Recap: 24/04/25

PANAMAX Atlantic: The Atlantic market reopened from the Easter break with a cautious tone. Tonnage remained tight off the Continent, helping stabilize sentiment in the north, while the South Atlantic appeared steady, particularly for early index window arrivals. However, with grain exports expected to ease soon, expectations remain muted and activity remains largely positional.

Pacific: In the Pacific, the market firmed slightly, supported by mineral demand out of East Australia, though activity remained slow overall. Grain shipments from the North Pacific were limited, and while more vessels are heading toward Indonesia, high stock levels in China are capping any major upside. Sentiment held, but confidence remains fragile.

SUPRAMAX Atlantic: The Atlantic saw limited activity following the Easter period, with sentiment subdued and participants largely on standby. The Continent and Mediterranean lacked fresh cargoes, and tonnage lists began to lengthen. The US Gulf remained quiet, reflecting a general lack of momentum across the basin.

Pacific: Asia presented a slightly more active landscape, with renewed coal demand from Indonesia helping to support rates. While not yet enough to significantly shift the balance, owners were more confident in holding their levels. The Indian Ocean and Southeast Asia also showed stable interest, keeping sentiment modestly positive.

HANDYSIZE Atlantic: A quiet start in the Atlantic, with both the Continent and South America showing stable fundamentals but minimal fresh activity. The US Gulf also remained slow, and while some fixtures were noted, overall sentiment remained flat with no significant rate changes.

Pacific: The Pacific market stayed under pressure amid a lack of fresh demand. Southeast Asia and the North Pacific saw limited enquiry, keeping the market soft. With little to shift the current outlook, rates continued to trend slightly lower.