ISM: All tonnage segments reviews, real freight fixtures & commodity prices
Coaster Freight Index: Comprehensive data on shortsea shipping

Global CFI // week 51

25.12.17
13:28

Global CFI has showed another $0.19/t decrease ahead of holidays primarily due to ongoing softening of the Azov Sea market ($3.02/t down over the week). The BlSea CFI has inched down by $0.14/t as higher freight level in 10k dwt sector has been offset by lower rates for 3-5k dwt vessels. In the Baltic and Mediterranean Seas, the rates have held largely steady at the level quite acceptable to shipowners. In the meantime, the ISM Commodity Index keeps growing (2.5 points up over the week), that is feeding the owners’ expectations about, at a minimum, a maintenance of the current market trends after the New Year. Prices for scrap, square billets and HRC continue to grow. Demand for scrap remains healthy in Turkey. The Mediterranean buyers show rather high interest in BlSea square billets. The EU importers express interest in HRC sourced from Russia. Grain prices have not changed much, while demand for Ukrainian maize and Russian wheat remains buoyant. Traders only note sluggish demand for Ukrainian wheat.

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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