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 today was with a 50/50 mix of activity level for the entire drybulk market, with the capes and panamax both having a positive tendency, and the smaller bulkers having again stable and unchanged tendency.

The capesizes had today a fine activity and it resulted in good increasing rates out of the Continent for Atlantic business, and more or less stable rates in all other areas and destinations. For the panamax size the activity was improving well and the market reacted with slight increasing rates in all areas and directions.

For the supramax and handysize dry cargo tonnage the market had today fair activity levels. The supramax tonnage had stable rate levels in most areas and directions, except slight increasing rates out of US Gulf. For the handysize vessels the market was with okay activity, and resulted in stable rates in most areas and directions.

The European coaster market was today with very slow activity view the start of summer holidays in many countries. In the Baltic Sea area or on the Continent the freight rates were having further slight falling tendency. The freight rates in the Black Sea area were stable again today and the Mediterranean had further minor falls.

The tanker market was today with unchanged level of activity. The crude oil tankers were with slow activity resulting in very minor falling rates in most areas and directions. The product tanker market was today again with okay activity and it resulted in further minor increasing rate levels from the various loading areas.

We will be back tomorrow with more freight market news from www.icshipbrokers.com