Freight Market Report 10/03 Presented By IC Shipbrokers

Photo: 90899099 © Paulgrecaud |

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 good new activity in the entire dry cargo segment, and with positive outcome for all the various sizes.

The capesizes today had a further day with positive signs. The rates in all areas and in all directions were with further smaller increases today, so capes had a very good week. For the panamax size it was another day with normal activity and the result was that the market remained stable today with mainly unchanged or slight increasing rates.

The market for the supramax and handysize dry cargo tonnage today was more positive again. The supramax tonnage in Far East or Southeast Asia areas was with good improving rates, but it remained stable or with small increasing 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 US Gulf having seen the best positive increases.

The European coaster market was today again with quite slow activity for most sizes. In the Baltic Sea area or on the Continent the freight rates were again with table rates. The freight rates in the Black Sea area had again fallen rates and the Mediterranean also today had sliding rates or best case last done levels.

The tanker market was again with okay and fine activity today. The crude oil tankers had again slightly increased freight rate levels in most areas and directions, so keeping the positive tendency all week long. For the product tanker market, it had today small increased rate levels from the various loading areas.

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

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