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:
26/06/25
Jun 19, 2025
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.
Commodities
Agri- Commodities:
16–20 /5/25 Agri
Jun 23, 2025
Monday opened with wheat and corn giving back gains from the prior session, pressured by generally favorable U.S. crop outlooks. Corn conditions improved to 72% good-to-excellent (G/E), aligning with last year’s level, while soybean ratings declined to 66% G/E. Winter wheat condition unexpectedly slipped, and harvest progress remained significantly delayed. Export inspections showed continued strength for corn, while soybean oil surged on tighter-than-expected NOPA stocks. Geopolitics hovered in the background as Iran signaled a desire to avoid escalation with Israel, while Turkey offered to mediate talks.
Freight
Freight Recap:
19/06/25
Jun 19, 2025
The Panamax Atlantic market showed signs of plateauing this week, with reduced spot activity prompting concerns of near-term softening. North Atlantic visibility remained limited, with owners and charterers continuing to disagree on rate expectations, leading to a widening bid-offer gap.
Commodities
Agri- Commodities:
9-13/6/25 Agri
Jun 16, 2025
Grain markets were pulled in opposing directions throughout Week 24, as favorable crop prospects, geopolitical shocks, and U.S. policy developments generated volatile trading. The week opened with a sharp sell-off in corn and wheat, as improved U.S. crop conditions and benign weather forecasts reinforced expectations of ample supplies. Corn and wheat both fell more than 2% on Monday, effectively wiping out prior gains. U.S. crop ratings surprised to the upside, with corn at 71% good to excellent and soybeans at 68%. Concurrently, stronger forecasts for Russian and Romanian wheat harvests added further pressure, while China’s surging soybean imports – largely sourced from Brazil – highlighted its continued pivot away from U.S. origin.
