Coaster owners really bullish in Mediterranean Sea owing to swiftcargo flow

摘要

Demand for coaster vessels remains very high in the Mediterranean Sea thanks to steady and lively exports of fertilizers ex Egypt andother North African countries, as well as shipments of steels ex Turkey and the EU. The number of open vessels is still very limited in allparts of the basin.In the metallurgical sector, a couple of deals for shipments of 10,000 t lots of steels from Nemrut Bay to Haifa have been recentlysigned at extremely strong $39-39.5/t bss FILO. Note that owners ask for premiums for liner out basis rates towards Israel due tocongestions at Haifa and Ashdod. Besides, 2,900 t of steels are shipped from Croatia to Egypt at $31/t.