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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 Monday with kind of slow activity in the dry cargo segment, and the general tendency once again remains the same as all the last week.
The capesizes started the week with a wait and see attitude with stable activity but still with little falling rates in all areas and directions. For the panamax size the situation is again with little improved activity and therefore the result of today was mainly stable rates in all areas and directions.
For the supramax and handysize dry cargo tonnage the market today was again with fair activity. The supramax tonnage in West Africa was today once more with falling rates, and basically had stable rates in all other areas and directions. For the handysize segment the market once again was with almost stable and mostly unchanged rates in all areas and directions today. This week continue for these sizes as the entire last week.
The European coaster market was today again with very slow activity after last week holidays. In the Baltic Sea area or on the Continent the freight rates were with many spot or prompt open vessels falling further. The freight rates in the Black Sea area were also today with further falls and the Mediterranean today had also little falling rates, exactly as the last week ended.
The tanker market was today with quite good activity The crude oil tankers were again with better activity and further increased freight rate levels in most areas and directions. The product tanker market was today again with a slow start of the week and resulting in further slight falling freight rate levels from the various loading areas.
We will be back tomorrow with more freight market news from IC Shipbrokers.com