Freight Market Report 04/04 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 quite busy activity in the entire dry cargo segment, but again with different outcome for the various sizes.

The capesizes today had further good activity. The rates were with very good increases in most areas and directions, with the Fareast directions or Fareast positions with most increasing rates. For the panamax size it was another day with improving activity and the result was increasing rates in all areas and directions, with the European and Pacific positions gaining most today.

The market for the supramax and handysize dry cargo tonnage today little more active. The supramax tonnage in US Gulf, Mediterranean or West Africa was with little falling rates, but it remained stable in all other areas and directions. For the handysize segment the market was today little nervous, with stable rates in Europe but with falling rates in all other areas.

The European coaster market was today with slower activity view the Easter holidays. In the Baltic Sea area or on the Continent the freight rates were slightly falling with still some unfixed pre-Easter open positions.  The freight rates in the Black Sea area also today were with further falls and the Mediterranean today had stable last done levels.

The tanker market was slowing down today. The crude oil tankers had again slightly falling freight rate levels in most areas and directions. For the product tanker market, it had today stable and unchanged rate levels from the various loading areas.

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

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