Short sea market fundamentals // week 11

摘要

The Global CFI has risen by $2.1/t due to an overwhelming surge in rates for shipments ex Russian ports, especially the Azov Sea ones. In the meantime, other small-tonnage rates have got under pressure of the sharpening cargo/tonnage imbalance in many regions, a continuous inflow of ships to the Mediterranean Sea, the Lower Baltic and the North Sea from the Azov-Black Sea basin and the Gulf of Finland, as well as of a $300-350/t setback in MGO and VLSFO prices.