Freight Market Report 03/04 Presented By IC Shipbrokers

Photo: 114157479 © Wissanu Sirapat |

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 day with relatively busy activity in the entire dry cargo segment, but slightly different outcome for the various sizes.

The capesizes today had good fresh activity. The rates were with fine increases in most areas and directions, with the Fareast directions with most positive outlook. For the panamax size it was another day with good activity and the result was slightly increasing rates in all areas and directions, with the European positions gaining most today.

The market for the supramax and handysize dry cargo tonnage today was a little slow. The supramax tonnage in US Gulf was with little falling rates, but it remained stable in all other areas and directions. For the handysize segment the market was today with little mixed rates again with slight increasing rates out of Europe, but in all other areas it was with slightly falling levels.

The European coaster market was today with okay activity for all sizes. In the Baltic Sea area or on the Continent the freight rates were stable although some tonnage open this week before Easter holidays. The freight rates in the Black Sea area also today were with further small falls and the Mediterranean today had slightly increasing freight levels.

The tanker market was with normal Monday activity. The crude oil tankers had again corrected falling freight rate levels in most areas and directions view the Opec announcement. For the product tanker market, it had today only slightly increased rate levels from the various loading areas, so the market a little changed compared to last week.

We will be back tomorrow with more freight market news /shipping news from IC        

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