Weekly Freight Recap: 26/06/25
Jun 26, 2025
PANAMAX
The Panamax market continued to show resilience this week, holding around the USD 12,800/day level on the 5TC index. Gains were seen across both basins, driven by steady demand and tightening tonnage in key loading areas.
In the Atlantic, sentiment remained firm — particularly in the North — where front-haul activity added pressure to already thinning tonnage lists. The South also saw healthy premiums for later positions, though limited fixing data kept clarity subdued.
The Pacific followed suit, with continued strength out of Australia and Indonesia helping to lift rates. NoPac rounds and Indonesian trips drew decent support, especially for well-positioned, modern units. While underlying cargo volumes haven’t expanded significantly, the balance between supply and demand remains supportive, and overall sentiment going into next week is cautiously optimistic.
SUPRAMAX
The Supramax market posted modest gains this week, led by a more active Pacific. Indonesia and NoPac demand helped maintain upward pressure, with owners showing more resistance in rate discussions.
The Atlantic remained mixed — the US Gulf saw softer sentiment amid limited enquiry and growing prompt supply, while the South Atlantic was more stable, underpinned by fronthaul interest and a tighter list. Some improvement was also noted in the Continent-Med region, though still far from robust.
Period activity surfaced again, particularly in Asia, suggesting improving confidence in the near-term market direction. The 11TC average ended the week at USD 12,567, reflecting a cautiously firmer tone.
HANDYSIZE
The Handysize market stayed broadly positive, with the South Atlantic and US Gulf continuing to offer the most support. Fresh demand and thinning tonnage helped drive some upward movement, while the Continent and Mediterranean remained subdued with flat activity levels.
The Pacific market remained steady, with slight increases in cargo flow keeping rates firm and owners generally holding ground. Positional sentiment continues to play a key role, and while gains were not significant, the tone remains constructive.
The 7TC index climbed to USD 11,401 by week’s end, supported by a healthier overall balance in the Atlantic.
Weekly Recaps
Freight
Freight Recap:
18/12/25
Dec 18, 2025
The dry bulk market saw a softer overall tone, with Handysize holding largely flat, Supramax weakening across both basins, and Panamax continuing its decline despite some localized Atlantic support. Activity levels remained muted in many regions, with owners increasingly seeking cover ahead of the holiday period. The Atlantic showed mixed signals across segments, while the Pacific faced longer tonnage lists and weaker demand, keeping pressure on rates.
Commodities
Agri- Commodities:
08-12/12/25 Agri
Dec 15, 2025
CBOT markets finished lower ahead of Tuesday’s WASDE, which was widely expected to lack bullish surprises. MATIF wheat was the exception, posting small gains. Russian 12.5% protein wheat FOB for January delivery edged up by $0.5 w/w to $227.5/t, according to IKAR. Geopolitical headlines remained in focus after Ukrainian President Volodymyr Zelenskiy said US-brokered peace talks remain stalled over security guarantees and control of eastern Ukraine, particularly the Donbas.
Freight
Freight Recap:
11/12/25
Dec 11, 2025
The dry bulk market saw a softer overall tone, with Handysize holding largely flat, Supramax weakening across both basins, and Panamax continuing its decline despite some localized Atlantic support. Activity levels remained muted in many regions, with owners increasingly seeking cover ahead of the holiday period. The Atlantic showed mixed signals across segments, while the Pacific faced longer tonnage lists and weaker demand, keeping pressure on rates.
Commodities
Agri- Commodities:
01-05/12/25 Agri
Dec 08, 2025
USDA announced no new flash sales, disappointing soybean markets. Weekly export sales remain delayed and have not yet reached the period covering the US–China trade deal, leaving the true pace of buying uncertain. CBOT corn and wheat eased, while March MATIF wheat posted small gains after finding support at intraday contract lows. ABARES raised Australia’s 2025/26 wheat, barley, and canola output, though the increases were broadly in line with expectations. Algeria’s OAIC issued a soft wheat tender for February shipment, and Russian wheat prices slipped again, with 12.5% FOB for January at $227/t.
