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

Global CFI // week 22

04.06.18
16:11

Global CFI has sagged by another $0.15/t in late May due to decreasing freight rates in the Azov-Black Sea basin and the Mediterranean Sea (Azov Sea CFI has dropped by $0.4/t, the BlSea CFI by $0.45/t, the EMed CFI by $0.32/t, the WMed CFI by $0.17/t). Meanwhile, the rates have held steady in Northern Europe and the Far East. The ISM Commodity Index has decreased by another 1.5 points given downward price trend in segments of steel scrap and steel products. Demand for steel products is weak in the Mediterranean region; ISM sources have only reported occasional sales of BlSea-origin steel to Egypt and Turkey. Turkish buyers of steel scrap refrain from signing new deals and keep insisting on lower prices. Demand for grain of the new crop is strengthening gradually. The corresponding prices are slowly climbing up.

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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