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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 another day with quite slow activity in the entire dry cargo segment, so mainly stable tendency today.
The capesizes had today a rather slight improvement in the activity. The rates were therefore basically stable in all areas and directions. For the panamax size it was with little slower activity and the result was slightly falling rates in all areas and directions.
The market for the supramax and handysize dry cargo tonnage today was with decent activity. The supramax tonnage in US Gulf and Mediterranean was with falling rates, but again had mainly 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, although a little negative tendency can be felt.
The European coaster market was once more with very slow activity. In the Baltic Sea area or on the Continent the freight rates were today stable or slightly falling again. The freight rates in the Black Sea area were again with slight falls and the Mediterranean today was also with negative and fallen freight rates.
The tanker market was again today moving slower. The crude oil tankers had further slight fallen freight rate levels in most areas and directions. For the product tanker market, it also had today continued with further fallen rate levels from the various loading areas. The tankers right now all seems to have a negative tendency in the market.
We will be back on Monday 8/05 with more freight market news from IC Shipbrokers.com