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 day in the entire drybulk market. The capes and panamax had little slower activity, the supramax and handysize continued the little better activity.
The capesizes had little slowing activity and therefore very minor falling rates in almost all areas and directions. For the panamax size the activity was also slower and the market reacted with marginal falling rates in almost all areas and directions.
For the supramax and handysize dry cargo tonnage the market had still fair activity levels. The supramax tonnage had little improving activity with minor increasing rate levels in most areas and directions. For the handysize vessels the market was with unchanged activity, and resulted in stable rates in all areas and directions.
The European coaster market was today with further slowing activity level due to heavy and stormy weather in all countries from Morocco to North Norway including Ireland-UK and the Baltic Sea. In the Baltic Sea area or on the Continent the freight rates were with unchanged rates. The freight rates in the Black Sea area were with increasing rates today and the Mediterranean had minor falling rate levels today.
The tanker market was today with a split in level of activity. The crude oil tankers were with top activity resulting in further increasing rates in most areas and directions. The product tanker market was today with unchanged activity and it resulted in stable rate levels from the various loading areas.
We will be back on Monday with more freight market news from www.icshipbrokers.com
