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Coaster Freight Index: Comprehensive data on shortsea shipping

Global CFI // week 8


Global CFI has edged up by just $0.02/t this week amid the diverging trends in freight rates. So, the Azov Sea CFI has added another $0.79/t, while the BlSea CFI has inched down by $0.15/t and the Lower Baltic CFI has sagged by $0.17/t.

Global ISM Commodity Index has increased by 4 points primarily due to growing prices for semi-finished steel products and scrap. Moreover, general trends in the commodity markets look promising for shipowners. Demand for CIS-origin square billets has strengthened in Turkey and the MENA countries; the same applies to demand for Russian steel in the north-western Europe. As before, supplies of steel scrap to Turkey remain pretty active. Grain prices are climbing up amid steady demand for both Russian wheat and Ukrainian wheat and maize.

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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