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

Global CFI // week 7

19.02.18
17:00

Global CFI has edged up by just $0.05/t in mid-February. A further increase in the Azov Sea CFI ($0.94/t up), the Gulf of Finland CFI ($0.46/t up) and the Lower Baltic CFI ($0.11/t up) has been almost completely offset by a slight drop in freight rates in the BlSea ($0.15/t down), the EMed ($0.12/t down) and the WMed ($0.13/t down). Global ISM Commodity Index has added almost 3 points due to growing prices for grain, scrap, fertilizers and semi-finished steel products. Despite a slight development in prices, the situation in the commodity markets can hardly be called optimistic for small-tonnage owners. They are mainly Asian buyers who express steady demand for Black Sea wheat and maize. Turkish mills show interest in steel scrap, but deals for the supply of small lots of the cargo from Russia or Bulgaria are few, according to ISM sources. Demand for square billets and slabs with shipment in March is weak in the Mediterranean market.

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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