Weekly Freight Recap: 12/06/25
Jun 12, 2025
PANAMAX Atlantic: The Panamax Atlantic market strengthened further, particularly in the North where limited tonnage availability led owners to raise offers. Charterers showed some resistance, but firmer bids began to appear, hinting at further upside. Fronthaul demand remained a key driver, while the South Atlantic appeared more mixed with less momentum. Overall, the northern part of the basin provided the strongest support, keeping sentiment buoyant.
Pacific: In Asia, confidence improved across the board. Consistent coal demand out of Indonesia and Australia helped clear prompt vessels, with rates trending upward. Despite some variation across trades, the overall tone was firm. Owners pushed for higher levels as enquiries grew, widening the bid-offer spread. Market participants remained cautiously optimistic heading into the new week.
SUPRAMAX Atlantic: The Supramax Atlantic market stayed quiet, though select pockets such as the US Gulf showed signs of strengthening. South America also gained attention, yet fixing activity was still limited. Brokers noted an uptick in enquiries but reported few concluded deals. Sentiment held steady, with owners hoping tighter tonnage may soon support firmer rates.
Pacific: Asia remained under pressure. Vessel oversupply and thin cargo availability kept rates from advancing, despite a few isolated fixtures. Indonesian coal trades continued to set the tone, but the wider market lacked momentum. Owners remained defensive, though signs of stability appeared by week’s end, particularly in Indian Ocean-related trades.
HANDYSIZE Atlantic: The Handy market in the Atlantic was balanced overall. The Continent and Mediterranean saw little change, with rates largely in line with recent fixtures. The South Atlantic held steady, while the US Gulf remained more active and benefited from strong cargo flows. The region continued to provide relative support to the broader segment.
Pacific: Asia saw muted activity, with market participants reporting a growing list of open ships. While demand remained weak, rate levels were mostly steady. Few fixtures emerged, and no major shifts in sentiment were observed, keeping the Pacific market in a holding pattern.
Weekly Recaps
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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.
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Freight Recap:
10/07/25
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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
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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.
