Freight Market Report 16/05 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 a day with quite fair activity in the dry cargo segment, and the little negative tendency for the larger bulkers seems to continue.

The capesizes had today again little sliding activity which resulted in little falling rates in all areas and directions. For the panamax size it was today also with little slower activity and the result was another day with slight falling rates in all areas and directions.

For the supramax and handysize dry cargo tonnage the market was with little more activity. The supramax tonnage in US Gulf was again with slight increasing rates, and basically had stable rates in all other areas and directions. For the handysize segment the market had another day was with very stable and mainly unchanged rates in all areas and directions.  

The European coaster market was with little slower activity again today. In the Baltic Sea area or on the Continent the freight rates were slightly falling again. The freight rates in the Black Sea area were with only slight falls and the Mediterranean once again had little falling rates.

The tanker market was again today with fresh new activity. The crude oil tankers was today with further increased freight rate levels in most areas and directions. The product tanker market was also today with stable freight rate levels from the various loading areas, so the negative trend seems to have stopped.

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

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