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Coaster Freight Index: Comprehensive data on shortsea shipping

Global CFI // week 18


In early May, Global CFI has dropped by another $0.04/t amid a further decrease in sea-river rates in the Azov Sea where the market cannot reach the bottom thus far. The freight rates in other regions hold steady despite an expected slowdown in trade during May holidays. The ISM Commodity Index has inched up by 0.7 points this week thanks to slightly higher prices for wheat and coal. Ukrainian exporters can still offer rather large volumes of milling wheat, so they are actively negotiating with importers. Russian grain enjoys quite strong demand abroad, but this fact does not support coaster owners, since the cargo is mainly exported in large lots to the Mediterranean and Asian countries. ISM sources report rather strong buying interest in steel scrap in Turkey. Trade of Black Sea square billets has perked up in the Mediterranean region, while the prices hold steady so far. Demand for coal has revived somewhat in the European north-western countries.

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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