Freight Market Report 31/01 Presented by IC Shipbrokers

Photo: 141169744 © 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.

It was another day with improving activity in the dry cargo segment, and with mainly stable and unchanged rates in the various ship sizes.

The capesizes today again had stable rates in all areas and directions, so the next days will show more what direction it goes. For the panamax size it was with little less activity today, with the Far East and Continent with slightly falling rates, and with all other areas with stable rates.

The market for the supramax and handysize dry cargo tonnage was today with slightly increasing rate levels. The market for the supramax tonnage getting open in Far East or South East Asia was again with slightly increasing rates but all other areas having a further day with basically stable rates in most directions. For the handysize segment the market was with little increasing rates in Far East or South East Asia and with stable or slightly increasing rates in all other areas and directions.

The European coaster market was again very quiet and with further increasing amount of prompt open tonnage all around. In the Baltic Sea area or on the Continent the freight rates were under further slight downward pressure with many Charterers simply holding back and waiting to their freight levels is reached. The freight rates in the Black Sea area are again with further falling rates and the Mediterranean had again slightly falling rates too.

The tanker market was again with little increasing activity today. The crude oil tankers had again slightly fallen freight rate levels in most areas. The product tanker market was today with stable and unchanged rate levels from the various loading areas, so the tanker market remains with a little negative tendency although activity is better.

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.