Daily IC Shipbrokers Freight Market Report

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

It was a day with little less activity in the dry cargo segment in all sizes, and same basically resulting in more or less unchanged rates in all tonnage segments.

The  capesizes in the Pacific was after the booming day of yesterday, today with little lower rates but withing the Atlantic basin the rates were today showing positive tendency especially for trip from Europe direction Far Eastern directions. In the panamax segment was today with very stable rate levels in all areas without any clear increasing or decreasing levels.

The market is also still looking positive for the supramax and handysize dry cargo tonnage. The market especially for the supramax tonnage getting open in the Continent or US Gulf areas are having slightly higher rates, and also South East Asia to Far Eastern destinations looking slightly with positive rate increases with the other area remaining with quite unchanged rate levels. For the handysize the positive trend is again mainly connected to the Atlantic basin with good activity especially from East coast South America to Europe destinations.

In the European coaster market, the activities today were again quite stable resulting again in repeat of last done fixtures or even in areas with slightly lower rates.

The tankers are with good activity except for huge dirty tankers like VLCC where the very positive trend of the last weeks continued, simply because the Russia boycott now resulting in longer distance for supplying oil to the same receivers. All in all good market conditions and slightly increasing rates all over the various areas/sizes/segments. Several Charterers are in the market for securing tonnage in 6-12 months time charter.

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