Daily Freight Market Report Presented by IC Shipbrokers

IC Shipbrokers gives you an insight in today’s freight market and an update with the latest freight market indications.

It was a relative active day today in the dry cargo segment, and with different outcome on the sizes.

The capesizes are back to the new normal – downward. In the Continent or Far East areas, the rates were today going down, and for all the other areas it was either with slight falling rates or in a few cases it was even stable or unchanged rate levels. For the panamax size it was more active, with the Far East or South East Asia areas with increasing rates, and with all other areas with either stable or slight falling rates.

The market for the supramax and handysize dry cargo tonnage was a day with only slightly falling rates in most areas and sizes. The market for the supramax tonnage getting open in the US Gulf or West Africa was again with falling rates but also all other areas having a further day with basically stable rates in all directions. For the handysize segment the market was with falling rates in Far East and South East Asia but with stable rates in all other areas and directions.

The European coaster market was again quiet. In the Baltic Sea area or on the Continent the market was again with reduced or falling freight rates, so the market downward tendency seems to continue. On the other hand the freight rates in the Black Sea area and the Mediterranean today had further little increasing freight rates.

The tanker market was again with okay activity today. The crude oil tankers had stable or little increased freight rate levels like yesterday. The product tanker market was again today with good activity but the result was again further falling rate levels from the various loading areas, so the tendency from last week continue.

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