Freight Market Report 24/05 Presented By IC Shipbrokers

Photo: 156127492©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.

Today we again had a kind of slow activity in the dry cargo segment, and again the market tendency remains the same as during the last 2 weeks.

The capesizes had today again slower activity but now with little falling rates in all areas and directions, except in the Continent positions were quite some falls were observed. For the panamax size the market today were with okay activity and the outcome was again mainly stable rates in all areas and directions.

For the supramax and handysize dry cargo tonnage the market today was with sliding activity level. The supramax tonnage in West Africa was again with quite falling rates, and had mainly stable rates in all other areas and directions. For the handysize segment the freight market was for another day with almost stable and mostly unchanged rates in all areas and directions.

The European coaster market was with fine activity. In the Baltic Sea area or on the Continent the freight rates were again stable despite many open vessels. The freight rates in the Black Sea area were today with only slight falls and the Mediterranean today had slight increasing rates.

The tanker market was with little slower activity today. The crude oil tankers were with okay activity but with stable or even slight falling freight rate levels in most areas and directions. The product tanker market was today with okay activity and resulting in stable freight rate levels from the various loading areas.

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.