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

Global CFI // week 5

05.02.18
15:44

Global CFI has added another $0.21/t this week. Besides a further increase in freight level in the Azov Sea ($0.71/t up), the rates for shipments ex Gulf of Finland have also risen by $2.14/t amid worsening ice conditions. The Lower Baltic CFI has inched up by $0.12/t. Whereas Global ISM Commodity Index has held steady for the third consecutive week, some positive improvements for owners have outlined in the market this week. ISM sources report stronger demand for scrap in Turkey and for square billets in Turkey and Egypt, caused by another drop in prices for these cargoes. Black Sea grain prices keep climbing up amid high interest in Ukrainian maize and feed wheat, as well as in Russian wheat. At the same time, sales of CIS-origin rebar and HRC are limited. Demand for coal is weak in Europe and Turkey, while main C&F-quotes for coal keep sliding down.

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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