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 fine activity level for the entire drybulk market, resulting in stable tendency in all sizes.

The capesizes had today a good activity and it resulted in falling rates in the Pacific area but with increasing rates in the Atlantic basin. For the panamax size the activity was also good today and the market reacted with slight falling rates in the Continent/Mediterranean area and with slight increasing rates in Far East or South East Asia area.

For the supramax and handysize dry cargo tonnage the market had today fair activity levels. The supramax tonnage had slight falling rate levels in basically all areas or directions, except real falling rates out of US Gulf or West Africa. For the handysize vessels the market was with unchanged fine activity, and resulted in nearly stable and more or less unchanged rates in most areas and directions.

The European coaster market was today with okay activity. In the Baltic Sea area or on the Continent the freight rates were having minor falling tendency. The freight rates in the Black Sea area were again with slight falling rates today and the Mediterranean had also more falling rates.

The tanker market was today with good level of activity. The crude oil tankers were with improving activity resulting in good increasing rates in most areas and directions. The product tanker market was today again with fair activity and it resulted in slight falling rate levels from the various loading areas.

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