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Coaster Freight Index: Comprehensive data on shortsea shipping

Global CFI // week 14

06.04.18
16:37

Global CFI has dropped by another $0.08/t in early April. Similar to the last week, the decrease has been caused by ongoing decline in sea-river freight rates in the Azov Sea (another $0.96/t down due to weaker trade ahead of Easter holidays). Moreover, the downward trend in rates continues in northern Europe (amid the improving ice conditions, the Gulf of Finland CFI has dropped by $0.18/t and the Lower Baltic CFI by $0.23/t). The Far East CFI has sagged by $0.5/t. It is worth noting that the downward effect indicated by the Global CFI has been partly offset by growing rates in the Black Sea, where demand for small-tonnage fleet remains pretty strong (the BlSea CFI has risen by $0.33/t).

Global Coaster Freight Index

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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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