Active cargo flow ensures strong rates ex Mediterranean Sea

摘要

Trade remains rather high in the Mediterranean Sea, with cargo offer still exceeding the number of open vessels. Steels, scrap, fertilizers and minerals (including construction cargoes) remain the main market drivers. Shipowners are bullish as before. At the moment, charterers are ready to pay $110-115k bss lumpsum for transportation of 2,600 t of hrc from Nemrut Bay to Setubal; Steel exporters offer mid $40s/t bss FILO for transportation of 4-10,000 t of debars from Iskenderun to Haifa (note that waiting time in Haifa reaches 30 days); About 1,000 t of steels are shipped from Iskenderun to Damietta at $45/t.