Freight Market Report Presented by IC Shipbrokers

IC Shipbrokers herewith welcomes you to today’s freight market report. We are giving you an insight in today’s freight market and an update with the latest freight market indications.

It was a typical Friday in the dry cargo segment today, and the result was mainly with further falling rates.

The capesizes remained in the new normal – again falling rates. In all areas and directions, it was today again further falling rates, with the Atlantic falling most. For the panamax size it was good activity today, with the Far East with further slight increasing rates, and with all other areas with either stable or slightly falling rates only.

The market for the supramax and handysize dry cargo tonnage was today again having stable and mainly unchanged rate levels. The market for the supramax tonnage getting open in Far East or South East Asia was again with slightly increasing rates but all other areas having a further day with basically stable rates or small falls in all directions. For the handysize segment the market was with little falling rates in East Coast South America but with stable or slightly falling rates in all other areas and directions.

The European coaster market was again extremely quiet today. In the Baltic Sea area or on the Continent the market was again with freight rates under negative pressure. The freight rates in the Black Sea area and the Mediterranean had also further falling rates, so in entire Europe there is a downward tendency in the market.

The tanker market was again with little less activity today. The crude oil tankers had again stable or even little increased freight rate levels like all the days before. The product tanker market on the other hand was again today with sliding activity and the result was again further falling rate levels from the various loading areas, so the tendency from last and this week seems to continue.

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