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 return to the negative development in the entire drybulk market. The capes had slowing activity, and the panamax, supramax and handysize all again continued the slower activity.

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

The European coaster market was today with slower activity level and a sharp increase of open vessels before the Christmas days. In the Baltic Sea area or on the Continent the freight rates were with minor falling rates. The freight rates in the Black Sea area were with unchanged rates today and the Mediterranean had again very minor falling rate levels today.

The tanker market was today with little better level of activity. The crude oil tankers were with little better activity resulting in minor 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 tomorrow with more freight market news from www.icshipbrokers.com