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
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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:
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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.
