Daily Freight Market Report by IC Shipbrokers

IC Shipbrokers herewith welcomes you to today’s freight market report. We are giving you an insight in today’s freight market and an update with the latest freight market indications.

It was a good active day in the dry cargo segment in general, but especially for capesize tonnage where it was absolutely booming.

The capesizes were today having a great day. From Continent or Mediterranean it was with sky rocketing increasing rates, but also for Pacific cargoes it was with extremely good freight increases, so almost an early Christmas gift for the owners. For the panamax size it was another quiet day resulting in slightly falling rates in all areas and directions again today.  

The market for the supramax and handysize dry cargo tonnage it was a further day with little falling rates in most areas and sizes. The market for the supramax tonnage getting open in West Africa or Far East or South East Asia was with stable or slightly falling rates but from US Gulf or South America it was a further day with falling rate levels in all directions. For the handysize segment the market in South East Asia or Far East was quite stable or small falling rates, but with all other areas was with further falling rates in various directions.

The European coaster market was today again quiet here before Christmas holidays. In the Baltic Sea area or on the Continent the market was with slightly falling rates and many owners out of the blue keen to do contracts for 2023. The freight rates in the Black Sea areas again had slightly increasing rate levels, but with the Mediterranean once more with stable freight rates.

The tanker market was with little less activity today. The crude oil tankers remain again today with little sliding rate levels from most loading areas. The product tankers was once more very active and the result was for a further day with increasing rates levels from various loading areas.

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