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Coaster Freight Index: Comprehensive data on shortsea shipping

Global CFI // week 11


Global CFI has dropped by $0.12/t due to outlined decrease in freight rates in the Gulf of Finland ($0.64/t down) and the Azov Sea ($0.19/t down). The North Sea CFI has sagged by $0.49/t. The EMed CFI and WMed CFI have inched down by $0.08/t and $0.06/t respectively. Global ISM Commodity Index continues to grow gradually (4.5 points up over the week). Market players note a steady increase in export prices for Black Sea grain, particularly for maize. Demand for grain remains quite strong. The interest in Black Sea square billets has grown in Turkey, Egypt and Algeria, where buyers are increasingly purchasing cargoes with the delivery in April. Sales of flat products are rather slow in the Baltic region. The overall sales volume of steel scrap has declined as Turkish importers do not hurry to sign new deals.

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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