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

Global CFI // week 12

26.03.18
16:23

Global CFI has sagged by $0.06/t primarily due to reduced freight rates in the Baltic Sea (the Gulf of Finland CFI has dropped by $0.7/t, the Lower Baltic CFI by $0.31/t, the North Sea CFI by $0.56/t) and the Far East ($0.5/t down). Despite the end of ice campaign, the Azov Sea market remains quite firm (Azov Sea CFI has inched down by only $0.06/t over the week). The general drop in index has been to a large extent offset by a slight increase in freight rates in the BlSea ($0.37/t up), the EMed ($0.1/t up) and the WMed ($0.13/t up). Following a growth during the past six weeks, global ISM Commodity Index has dropped by 2.5 points due to lower export prices for grain, steel and fertilizers. Demand for Black Sea wheat and maize remains quite strong, though suppliers have to make concessions in order to maintain handsome sales, as buyers are increasingly unwilling to sing deals at previous levels amid some saturation. The situation has worsened in the steel segment. Prices for finished and semi-finished steel products have dropped in the global market after the US officially confirmed the effect of steel import duties; Chinese and Turkish exporters are forced to focus on other sales markets. Most buyers so far prefer to wait and see, expecting the prices to decrease further. The season of active imports of coal has almost come to an end in Turkey and Europe; demand for the fuel is expectedly weak.

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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