Freight Market Report 25/05 Presented By IC Shipbrokers

Photo: 68916162©Igor Groshev |

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 feel somehow that it might remain with this market tendency the coming days or weeks.

The capesizes had once again slow activity with little falling rates in almost all areas and directions, except in the Continent positions or in the Pacific where quite some falls now were observed. For the panamax size the market today were with slightly slowing down activity and now the market went slightly down in all areas and directions.

For the supramax and handysize dry cargo tonnage the market today was with basically fine activity level. The supramax tonnage in US Gulf and also in West Africa was today 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, except in East Coast of South America where little negative rates were observed.

The European coaster market was with slower activity. In the Baltic Sea area or on the Continent the freight rates were again stable despite the forthcoming long weekend. The freight rates in the Black Sea area were today with further slight falls and the Mediterranean today had stable and unchanged rates.

The tanker market was with quite fine activity today. The crude oil tankers were with more activity and now with slight increasing freight rate levels in most areas and directions. The product tanker market was today also with okay activity and resulting in mainly stable freight rate levels from the various loading areas.

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