Freight Market Report 20/03 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 a day with a little nervous feeling or activity in the entire dry cargo segment view the banking crisis.

The capesizes today had more fresh activity and renewed optimism. The rates in Atlantic were stable or slightly falling, opposite in Fareast or Southeast Asia which had good increasing rates. For the panamax size it was a day with less activity again and the result was slightly falling rates in all areas and directions.

The market for the supramax and handysize dry cargo tonnage today was again little positive. The supramax tonnage in US Gulf was with good improving rates, but it remained with stable rates in all other areas and directions. For the handysize segment the market was today with little increasing rates in basically all areas and directions.

The European coaster market was today with slow activity for most sizes. In the Baltic Sea area or on the Continent the freight rates were slightly falling and more open positions for this week is being quoted. The freight rates in the Black Sea area also once again had fallen rates and the Mediterranean today had sliding rates or best case last done levels depending on sizes.

The tanker market was with fine activity today. The crude oil tankers had once more small increasing freight rate levels in most areas and directions. For the product tanker market, it had today little increasing or stable last done 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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