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Coaster Freight Index: Comprehensive data on shortsea shipping

Global CFI // week 6


Global CFI has again showed a $0.19/t growth due to continuing increase in sea-river freight rates in the Azov Sea (Azov Sea CFI has risen by $1.4/t) and in the freezing ports of the Baltic Sea (Gulf of Finland CFI has inched up by $0.32/t). Daily earnings for a small-tonnage fleet in the above-mentioned basins have showed even more significant hike given a sharp drop in bunker prices ($25-50/t down for IFO and gasoil). Freight rates have held largely steady in the Azov-Black Sea basin, the Mediterranean Sea and the Far East, the estimated time-charter equivalents have edged up. Global ISM Commodity Index has risen by 3 points. BlSea grain export prices are climbing up little by little, demand for maize and wheat remains healthy. Prices for steel scrap and steel products have added $5-10/t over the week. Demand for steel scrap continues to grow in Turkey. Meanwhile, exports of Black Sea steel products are extremely slow, as both exporters and buyers now prefer to wait and see. Coal prices keep tending down amid weak demand in Europe and Turkey.

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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