Freight Market Report 22/03 Presented By IC Shipbrokers

Photo: 141169744 © Mr.siwabud Veerapaisarn |

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 fine activity in the entire dry cargo segment, but with mainly negative outcome for the large bulkers.

The capesizes again today had less activity and fewer orders. The rates were falling in all areas and directions so the falling trend continues. For the panamax size it was another day with less activity and the result was slightly falling rates in all areas and directions.

The market for the supramax and handysize dry cargo tonnage today was quite stable and balanced. The supramax tonnage in US Gulf was once more 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, but with most positive signs again out of the Continent.

The European coaster market was today with fine activity for all sizes. In the Baltic Sea area or on the Continent the freight rates were stable without any major changes. The freight rates in the Black Sea area also remained stable today and the Mediterranean today had little increasing freight levels.

The tanker market was again with good activity today. The crude oil tankers had once more fine increasing freight rate levels in most areas and directions. For the product tanker market, it had today also increasing rate levels from the various loading areas, so positive tones in the tanker segment.

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

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