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 further continuation of the negative development in the entire drybulk market. The capes had slowing activity once more, and the panamax, supramax and handysize all again continued the slower activity.

The capesizes had slow activity and further falling rates in almost all areas and directions. For the panamax size the activity was slower and the market reacted with slight falling rates in almost all areas and directions.

For the supramax and handysize dry cargo tonnage the market had further slow activity levels. The supramax tonnage had slower activity with minor falling rate levels in most areas and directions. For the handysize vessels the market was again with slower activity, and resulted in minor falling rates in all areas and directions.

The European coaster market was today with unchanged activity level. In the Baltic Sea area or on the Continent the freight rates were again with very minor falling rates. The freight rates in the Black Sea area were with minor increasing rates today and the Mediterranean had unchanged rate levels today.

The tanker market was today with unchanged slow level of activity. The crude oil tankers were with slower activity resulting in slight falling rates in most areas and directions. The product tanker market was today with much slower activity and it resulted in falling rate levels from the various loading areas.

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