A brief summary of the global freight market in week 13

We are pleased to present our fresh weekly updates in order to help market insiders see a clear and unbiased market picture and be well up to rapidly changing environment.

A recap of week 13 updates:

Black Sea: small-tonnage rates ex Romania and Bulgaria keep climbing up, while those ex Ukraine flat

Market players report limited number of open 3-5k dwt vessels in the area, therefore rates for such shipments from Romanian and Bulgarian ports have inched up again. Congestions at the Sulina entrance have grown a bit, but rates from the Danube hold steady. Note that current earnings for shipments ex Danube ports could be better than those from the EU only in case of a quick (up to 4 days) passage via Sulina or Bystre, or in case of a non-AWRP vessel...?continue reading

Azov Sea freight market keeps softening

Downward pressure on freight rates is still reported in the Azov Sea. Exports of both grains and coal from Russian shallow ports are slowing down, with more vessels opening.?

Coaster owners try hard to push rates up in Mediterranean Sea

The export volumes of fertilizers stay large on all key routes. Shipments of minerals, agri products and steel are also regular. In these circumstances, tonnage demand remains high, with some shortage of spot vessels again seen in certain tonnage groups.

Charterers try to avoid further growth of Handy rates in BlSea & Med

Despite quite moderate activity in the Black Sea and EMed, Handy owners try to push rates up further after flattish previous week. However, with long tonnage list in the area, charterers are successfully keeping most rates stable. Moreover, the Supramax market has even begun to soften as the cargo flow from WMed has slowed down, which negatively affects rates for usual trips towards WAfr and USG.

Rates for Supramax/Ultramax shipments from ECSA hold steady

Market is showing limited fixing activity, with rates close to last done levels. However, more tonnage seems to be hitting the market. TCT rates for Ultramax fleet bss dely ECSA redel FEast are hovering at $15-16k daily + $500-600k bb, those for large Supramax vessels at $14-15k daily + $400-500k bb on average.

USG Panamax/Kamsarmax market quiet, with limited demand

Rates are sliding down due to limited activity from USG/USEC. TARV trade looks thin and numbers are drifting away from owners. Kamsarmax time-charter rates bss TARV are hovering at $11-12k daily.

Smx/Umx market fundamentals stay bearish in SE Asia

The market is staying on charterers’ side, with limited cargo flow from both Indonesia and Australia. The regional tonnage list is also long, which leaves owners no other choices but to cut their offers.

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Line-up statistics on agri shipments ex Ukraine //Mar 27-Apr 2 Shipping volume of dry bulk agriproducts down 224,364 t on week 13...

Coaster/Minibulker average daily earnings (TCE) on main shortsea routes // week 13 3k, 5k, 10k dwcc TCE dynamics with ballast leg and 2 laden legs

Chartering market at hand: Handysize and Supramax/Ultramax // week 13 Market seems to start leveling out after rapid surge...

Handysize and Supramax/Ultramax freight assessments // week 13 Spot/ppt freight assessments on main trade routes

Share of freight costs in CFR prices // week 13 Check freight vs price dynamics?

Coal export and import prices // week 13 S.African and Colombian coal exporters raised offer prices...

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