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 again with almost a copy of Thursday and Friday in the entire drybulk market. The capes had again little slower activity, the panamax and supramax both with slowing activity but the handysize only with little slower activity.

The capesizes had again little slowing activity and therefore very minor 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 rather slow activity levels. The supramax tonnage had slow activity with minor falling rate levels in most areas and directions. For the handysize vessels the market was with near to unchanged activity, and resulted in very minor falling rates in all areas and directions.

The European coaster market was today with very slow activity level and many open vessels view the forthcoming Christmas holidays. In the Baltic Sea area or on the Continent the freight rates were with real falling rates. The freight rates in the Black Sea area were with slight falling rates today and the Mediterranean had also slight falling rate levels today.

The tanker market was today with stable level of activity. The crude oil tankers were with unchanged activity resulting in stable rates in most areas and directions. The product tanker market was with unchanged activity and it resulted in very minor increasing rate levels from the various loading areas.

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