Freight Market Report 10/05 Presented By IC Shipbrokers

Photo: 146729426 / Cargo Vessel©Rudmer Zwerver |

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 normal activity in the entire dry cargo segment, but again with different outcome in the various sizes.

The capesizes had today further improvement in the activity. The rates in Atlantic basin were with very good improved rates, and in all areas and directions with stable rates. For the panamax size it was with unchanged but little slowing activity and the result was another day with stable rates in all areas and directions, but little negative tone in Fareast.

The market for the supramax and handysize dry cargo tonnage today was again with decent good activity. The supramax tonnage in Fareast was with good increasing rates, and had stable rates in all other areas and directions. For the handysize segment the market was once more again with stable and mainly unchanged rates in all areas and directions.  

The European coaster market was once more with slowing activity. In the Baltic Sea area or on the Continent the freight rates were today with further falls and owners willing to try lower numbers to keep the vessels employed. The freight rates in the Black Sea area were with quite some falls and the Mediterranean today was with slightly falling freight rates.

The tanker market was today with good activity. The crude oil tankers were again with stable freight rate levels in most areas and directions, although a few positive signs appeared. For the product tanker market, it today were with mainly falling freight rate levels from the various loading areas.

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

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