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 almost a true copy of yesterday with a mix of activity level for the drybulk market, with the capes having a positive tendency, the panamax with slight slower tendency and the smaller bulkers having a minor positive tendency.

The capesizes had today fine activity and it resulted in good increasing rates in most areas and with stable rates out of Far East positions. For the panamax size the activity was slightly slower again and the market reacted with slight falling 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 minor increasing rate levels in most areas and directions, except slight falls out of US Gulf. For the handysize vessels the market was with fine activity, and resulted in minor increasing rates in Pacific basin, slight increasing rates in the Atlantic basin, but with good increasing rates out of US Gulf.

The European coaster market was today with slower activity view the upcoming Midsummer holiday on Monday. In the Baltic Sea area or on the Continent the freight rates were having further minor falling tendency. The freight rates in the Black Sea area were stable 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 falling rate levels from the various loading areas.

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