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Coaster Freight Index: Comprehensive data on shortsea shipping

Global CFI // week 24


Global CFI has sagged by another $0.14/t in mid-June due to a slight drop in rates in all major regions. So, BlSea CFI has decreased by $0.16/t, Azov Sea CFI by $0.39/t, EMed CFI by $0.4/t, Gulf of Finland CFI by $0.18/t, Lower Baltic CFI by $0.17/t, Far East CFI by $0.15/t. Ongoing Ramadan holidays in Muslim countries, the end of grain season, as well as weak demand for main cargoes in Europe keep putting pressure on coaster rates. Spot tonnage supply is excessive in all regions. Global ISM Commodity Index has added 0.7 points over the week primarily amid higher quotes for new crop grain (importers express growing interest in wheat and barley). However, no improvements are expected in the freight market until mid-July.

Global Coaster Freight Index

CFI is the weighted average of voyage freight rates assessments on main trade routes for grain, steel, scrap, pig iron, coal, fertilizers, minerals and construction cargoes.
List of rates includes those for shipments of above mentioned commodities in 3,000-10,000 t lots.

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