Freight Market Report 08/05 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 another day with quite slow activity in the entire dry cargo segment, mainly view the many holidays end of last week, but also today in the United Kingdom.

The capesizes had today a slower activity. The rates were despite this stable in all areas and directions but with a positive outlook. For the panamax size it was today with little slower activity and the result was again slightly falling rates in all areas and directions.

The market for the supramax and handysize dry cargo tonnage today was with fair activity. The supramax tonnage in US Gulf 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.

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 with further falls. The freight rates in the Black Sea area were again with slight falls and the Mediterranean once today was also with negative and further fallen freight rates.

The tanker market was today with little more activity. The crude oil tankers therefore had stable and unchanged freight rate levels in most areas and directions. For the product tanker market, it today continued with further slight fallen rate levels from the various loading areas.

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

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