Weekly Freight Recap: 24/04/25
Apr 24, 2025
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.
Weekly Recaps
Freight
Freight Recap:
13/11/25
Nov 13, 2025
The dry bulk market showed a mixed performance, with Handysize activity remaining limited, Supramax maintaining firmer sentiment, and Panamax extending its gains on stronger fundamentals. The Atlantic generally held a positive tone across most segments, while the Pacific remained steady but slower, with Asian Handysize and Supramax markets facing softer enquiry and longer tonnage lists. Period interest persisted in both Supramax and Panamax sectors, supported by balanced fundamentals and improving demand signals.
Commodities
Agri- Commodities:
03-07/11/25 Agri
Nov 10, 2025
Soybeans extended their rally on expectations of accelerating Chinese demand, while rumors of U.S. wheat sales to China lifted Chicago futures. Corn stayed firm after StoneX raised its U.S. yield estimate to 186.0 bu/acre, though many still expect revisions lower in upcoming reports. Harvest progress reached 91% for soybeans and 83% for corn, with winter wheat planting nearly complete at 91%.
Export inspections totaled 965k t of soybeans, 1.67 mmt of corn, and 350k t of wheat—broadly in line with expectations. Despite easing trade tensions, Chinese importers continued booking cheaper Brazilian soybeans, reportedly 20 cargoes for December through mid-2026. Kazakhstan’s agriculture ministry reported a 27.1 mmt total harvest, including 20.3 mmt of wheat, far above USDA’s 16 mmt estimate.
Freight
Freight Recap:
06/11/25
Nov 06, 2025
The dry bulk market experienced a generally softer tone this week, with most segments facing mild corrections. The Handysize and Supramax sectors saw limited fresh activity, while the Panamax market showed brief midweek stability before continuing its downward trajectory. Weak demand across basins and growing vessel availability placed pressure on rates, though select regional improvements offered some support.
Commodities
Agri- Commodities:
27-31/10/25 Agri
Nov 03, 2025
Grain markets opened the week firmer after upbeat headlines on a potential U.S.–China trade deal lifted risk appetite across commodities. The optimism came despite limited clarity on agricultural commitments and lingering pressure from weaker export data.
Russian wheat prices were slightly lower, while EU maize yields were trimmed further. In Argentina, the peso strengthened after President Javier Milei’s party secured a midterm victory. U.S. harvest progress advanced, though export inspections remained subdued.
