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.