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

Global CFI // week 45


Global CFI has added another $0.18/t this week. Similar to early November, the increase has been caused by higher sea-river freight rates in the Azov Sea ($1.9/t up) and the Caspian Sea ($1.5/t up). The BlSea CFI has inched up by another $0.41/t. The development in TCE for small dwt seagoing vessels has been rather pale in the Black Sea due in part to soaring prices for IFO and MGO in November. Coaster daily earnings have even dropped slightly in the Baltic and Mediterranean Seas. The ISM Commodity Index has sagged by 3.3 points this week. This is primarily due to sluggish oversea demand for CIS-origin finished and semi-finished steel products, and thereby the gradually decreasing prices for the above products. Steel scrap prices are also sliding down, since Turkish buyers show interest in purchases only if they are provided with handsome discounts. Exports of Black Sea wheat remain smooth and healthy. Barley prices have risen amid strong demand and limited offer. Importers’ interest in Ukrainian maize is almost zero.

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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