Short sea market fundamentals // week 10

摘要

The Global CFI has increased by $0.44/t in 1H March amid overwhelming hike in bunker prices. The small-tonnage freight market seems to have been suffering the most painful impact from the escalating conflict between Ukraine and Russia during last two weeks and a half. Military actions in Ukraine and growing number of sanctions against Russia have nearly stalled cargo flows from ports of the Azov-Black Sea basin, triggering the whole-world attention and mounting concerns among market insiders of both freight, commodity and bunker markets in the globe. There is an intense outflow of small-tonnage ships to the Mediterranean and North European ports from Black and Azov Seas deemed to be the high risk area recently widened close to Romania and Georgia.