Freight Market Report 03/05 Presented By IC Shipbrokers

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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 a bit more activity in the entire dry cargo segment, so the outcome was with more stable tendency today.

The capesizes had today okay activity. The rates in Continent and Mediterranean were today with increasing rates, and mainly stable in all other areas and directions. For the panamax size it was again with slow activity the outcome was slightly falling rates in all areas and directions.

The market for the supramax and handysize dry cargo tonnage today was with fine activity. The supramax tonnage in US Gulf was with further falling rates, but had stable rates in all other areas and directions. For the handysize segment the market was today again with stable and unchanged rates in all areas and directions.

The European coaster market was again today with very slow activity as some countries have another holiday today. In the Baltic Sea area or on the Continent the freight rates were further slightly falling. The freight rates in the Black Sea area were with more falls and the Mediterranean today also had falling freight rates.

The tanker market had more activity although kind of nervous view the Iran seizure of another tanker. The crude oil tankers had again further fallen freight rate levels in most areas and directions view this. For the product tanker market, it had also further fallen rate levels from the various loading areas.

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

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