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 more negative activity development in the dry bulk market. The capes and panamax both with slowing activity, the supramax and handysize both with unchanged activity.
The capesizes had today little slower activity and therefore the result was with minor falling rates in almost all areas and directions. For the panamax size the activity was also slowing and the market reacted with minor falling rates in almost all areas and directions.
For the supramax and handysize dry cargo tonnage the market today had unchamged activity levels. The supramax tonnage had unchanged activity and with marginal falling rate levels in most areas and directions. For the handysize vessels the market was again with unchanged activity, and resulted in fully stable rates in all areas and directions.
The European coaster market was today again with little better activity level. In the Baltic Sea area or on the Continent the freight rates were with minor improving levels. The freight rates in the Black Sea area were with slight increasing rates and the Mediterranean had further minor increasing rate levels.
The tanker market was again today with mixed level of activity. The crude oil tankers had unchanged activity resulting in stable rates in most areas and directions. The product tanker market was with good activity and it resulted in good increasing rate levels from the various loading areas.
We will be back on Monday with more freight market news from www.icshipbrokers.com
