The Riverside Market Reports
Palm & Veg Report, SEPTEMBER 2025
With the quieter months of July and August over and “out of office” being removed from people’s email rules, shipping offices are seeing the steady return of freshly holidayed personnel back to their desks and the slow resumption of trade as normal. The summer has been rather uneventful although there has been a spike in CPP markets in the West, most notably in the USG following a squeeze on the tonnage list and, at time of writing, some of the heat in this market has gone but steady CPP markets in the East are also now showing some further signs of life, after bumping along over the last two months and keeping palm MR rates on an even keel. There has also been some reluctance from Owners to send vessels to Europe due to the lack of return cargoes which in turn has provided more tonnage for robust regional edible oil markets that have performed well with good activity. We are looking forward to an interesting Q4 that is for sure since the uncertainty of USA tariffs still looms over the market, stifling longer term agreements but, more optimistically, this can of course provide spot opportunities depending on your appetite for risk taking!
With the quieter months of July and August over and “out of office” being removed from people’s email rules, shipping offices are seeing the steady return of freshly holidayed personnel back to their desks and the slow resumption of trade as normal. The summer has been rather uneventful although there has been a spike in CPP markets in the West, most notably in the USG following a squeeze on the tonnage list and, at time of writing, some of the heat in this market has gone but steady CPP markets in the East are also now showing some further signs of life, after bumping along over the last two months and keeping palm MR rates on an even keel. There has also been some reluctance from Owners to send vessels to Europe due to the lack of return cargoes which in turn has provided more tonnage for robust regional edible oil markets that have performed well with good activity. We are looking forward to an interesting Q4 that is for sure since the uncertainty of USA tariffs still looms over the market, stifling longer term agreements but, more optimistically, this can of course provide spot opportunities depending on your appetite for risk taking!