Freight Market Report 28/02 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.

It was another day with good activity in the dry cargo segment, and again with good positive outcome for all the various sizes.

The capesizes today had a good day with positive signs once more. The rates in all areas and in all directions were with further increases. For the panamax size it was also like the capesizes with a positive tendency, but with even higher increasing rates in all areas and directions, so situation remain with more positive news for the large bulkers.

The market for the supramax and handysize dry cargo tonnage also continued also the very positive trend today. The supramax tonnage in West Africa or in the Far East or South East Asia region was once again with good improving rates, but also increases in all other areas and directions. For the handysize segment the market was today with good increasing rates in all areas and directions but with the South East Asia and Far East area having most activity, so the smaller bulkers also continue the positive tendency.

The European coaster market was today with slightly slower activity again for most sizes. In the Baltic Sea area or on the Continent the freight rates are again under slight pressure going little down. The freight rates in the Black Sea area had little increasing rates and the Mediterranean again today had stable rates.

The tanker market was again with fine activity today. The crude oil tankers had again slightly increased freight rate levels in most areas and directions. For the product tanker market, the day was a little slower once again and had slightly fallen rate levels from the various loading areas.

We will be back tomorrow with a new freight market report / shipping 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.