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 average day today in the dry cargo segment with a kind of slowing or less activity in most sizes, and in general with lower rates in most segments.

The capesizes had another day with negative tendency with the Atlantic basin in general having lower rates in all directions, but with Pacific basin with more stable conditions although also with slightly lower rates. For the panamax size the day had again falling rate levels in all areas with no exception so actually same situation as yesterday.

The market for the supramax and handysize dry cargo tonnage today showed little softer tendency but in general remained mainly balanced with overall stable rates again except in a few areas. The market for the supramax tonnage getting open in the West Africa, Continent or Mediterranean areas are again with slightly increased rate levels or unchanged rates, and with the Far East and Pacific areas with lower rate levels again today. For the handysize segment the positive trend or stable market conditions is only and solely connected to the Atlantic basin still with good activity from North Europe to US Gulf or South America for positioning and then back to North Europe with export cargoes from US Gulf or South America. In the Far East or South East Asia areas the market was again today with falling rates in all directions.

The European coaster market had another slow day, with rates in the Baltic Sea or Mediterranean now with some lower rate levels view more open prompt vessels. The Continent or Black Sea areas are still with stable levels or now even with slightly lower levels today.

The tanker market was active today and with a continued positive trend, which again mainly connected to the dirty tankers for crude oil shipments. The product tanker market is again today with stable or with small increases on the rates so still positive tendency in most sizes and 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.