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.
The market was today with a general slower activity in the entire drybulk market. The capes had real slow activity, the panamax and supramax had slowing activity and the handysize had a little better activity.
The capesizes had much slower activity and therefore the result was real falling rates in almost all areas and directions. For the panamax size the activity was little slower and the market reacted with very minor falling rates in almost all areas and directions.
For the supramax and handysize dry cargo tonnage the market had mixed activity levels. The supramax tonnage had little slower activity with unchanged rate levels in most areas and directions. For the handysize vessels the market was again with little better activity, and resulted in very minor increasing rates in all areas and directions.
The European coaster market was today with slowing activity level, as many commodities are increasing in price and the freights the same. In the Baltic Sea area or on the Continent the freight rates were with increasing rates. The freight rates in the Black Sea area were with little increasing rates and the Mediterranean had minor increasing rate levels today.
The tanker market was today again with a top level of activity. The crude oil tankers were with super good activity resulting in jumping increasing rates never seen before in most areas and directions. The product tanker market was today again top increasing activity and it resulted again in real increasing rate levels from the various loading areas.
We will be back tomorrow with more freight market news from www.icshipbrokers.com
