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 another very busy day in the dry cargo segment today, and some positive tendencies in the larger bulk tonnage segment.

The capesizes were today having almost explosive positive rate increases in all areas and especially ex Continent and Far East where it was booming today, so a great day for the Capesize owners. For the panamax size it was a further day with good increasing rates out of the Continent or Mediterranean or US Gulf positions for Atlantic directions, but with some rate falls in all other areas and directions today.

The market for the supramax and handysize dry cargo tonnage once again was with general stable or little increasing rates in some areas and sizes. The market for the supramax tonnage getting open in US Gulf was again today with extremely good improved higher rates, West Africa also again with improving rates but with all other areas having a further day with little falling or stable rate levels in all directions. For the handysize segment the market in US Gulf or Far East was quite stable, but with all other areas it was with falling rates in various directions.

The European coaster market was today with little activity in most areas. In the Baltic Sea area or on the Continent the market was having a balanced cargo and vessel availability so the result was today again with stable rates. The freight rates in the Black Sea areas were with little increasing rate levels, and with the Mediterranean with little falling rates.

The tanker market was having another day with good activity for all sizes. The crude oil tankers are again with little sliding or best case with stable rate levels from most loading areas. For the product tankers the market was once was with increased activity and the result was for a further day with good increasing rates levels from various loading areas.

Disclaimer for podcasts and articles

When you view, access or otherwise use our podcasts or articles, you acknowledge the application of this disclaimer:

Shipping Telegraph ApS provides no warranty, guarantee or representation as to the accuracy or sufficiency of the information featured in our podcasts or articles. The information, opinions, recommendations, content, etc. presented in our podcasts or articles are for information purposes only and do not constitute or replace professional advice. Any reliance you may place on the information provided in our podcast or articles is strictly at your own risk.

Unless it is specifically stated, Shipping Telegraph ApS does not approve, recommend or certify any product, process, service, organization, etc. presented or mentioned in our podcasts or articles. Any third-party materials, advertisements or content of any third-party referenced in our podcasts or articles do not necessarily reflect the opinions, standard or policies of Shipping Telegraph ApS, and Shipping Telegraph ApS cannot be held accountable hereof. Shipping Telegraph ApS is not responsible or liable for the accuracy, completeness or compliance with applicable laws of any third-party material, advertisements and content.

Shipping Telegraph ApS shall not be responsible for any errors or omissions contained in the podcasts, the articles or the website used to gain access hereto and reserves the right to make changes without notice. Shipping Telegraph ApS makes no warranty that our podcasts or articles, or the server making them available, are free of viruses, worms, etc.

Shipping Telegraph ApS expressly disclaims any and all liability or responsibility for any direct, indirect, punitive, incidental, consequential or other damages or other claims arising out of or in connection with any individual's and business entity's use of, reference to, reliance on our podcasts or articles or the information presented herein. By ticking the box, I agree with the disclaimer above.