Freight Market Report 07/03 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 another day with quite okay activity in the entire dry cargo segment, but with little different outcome for the various sizes.

The capesizes today had another great day with extremely positive signs once more. The rates in all areas and in all directions were with further large increases, but with the Atlantic basin as the main driver. For the panamax size it was a day with less activity and the result was that the market remained stable today.

The market for the supramax and handysize dry cargo tonnage today remained mainly stable. The supramax tonnage in West Africa or in the Mediterranean areas was once again with little improving rates, but it remained stable or with small fallen rates in all other areas and directions. For the handysize segment the market was today with little increasing rates in all areas and directions but with the Continent, US Gulf or South America areas having most activity.

The European coaster market was today with less activity for most sizes. In the Baltic Sea area or on the Continent the freight rates were with fallen rates as more tonnage now seems to be open. The freight rates in the Black Sea area had again slightly fallen rates and the Mediterranean also today had sliding rates or best case last done levels.

The tanker market was again with okay activity today. The crude oil tankers had again slightly increased freight rate levels in most areas and directions. For the product tanker market, it had again slight fallen rate levels from the various loading areas.

We will be back tomorrow with a new freight market report / shipping news from IC        

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