Freight Market Report 22/05 Presented By IC Shipbrokers

Photo: 29140644©Picturemakersllc |

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        

Disclaimer for podcasts and articles

When you view, access or otherwise use our podcasts or articles, you acknowledge the application of this disclaimer:

Shipping Telegraph ApS provides no warranty, guarantee or representation as to the accuracy or sufficiency of the information featured in our podcasts or articles. The information, opinions, recommendations, content, etc. presented in our podcasts or articles are for information purposes only and do not constitute or replace professional advice. Any reliance you may place on the information provided in our podcast or articles is strictly at your own risk.

Unless it is specifically stated, Shipping Telegraph ApS does not approve, recommend or certify any product, process, service, organization, etc. presented or mentioned in our podcasts or articles. Any third-party materials, advertisements or content of any third-party referenced in our podcasts or articles do not necessarily reflect the opinions, standard or policies of Shipping Telegraph ApS, and Shipping Telegraph ApS cannot be held accountable hereof. Shipping Telegraph ApS is not responsible or liable for the accuracy, completeness or compliance with applicable laws of any third-party material, advertisements and content.

Shipping Telegraph ApS shall not be responsible for any errors or omissions contained in the podcasts, the articles or the website used to gain access hereto and reserves the right to make changes without notice. Shipping Telegraph ApS makes no warranty that our podcasts or articles, or the server making them available, are free of viruses, worms, etc.

Shipping Telegraph ApS expressly disclaims any and all liability or responsibility for any direct, indirect, punitive, incidental, consequential or other damages or other claims arising out of or in connection with any individual's and business entity's use of, reference to, reliance on our podcasts or articles or the information presented herein. By ticking the box, I agree with the disclaimer above.