Mediterranean coaster market shows further developments

摘要

The Mediterranean cargo flow remains strong enough to help coaster owners raise rates further. Fertilizers, minerals and steels remain the market drivers, with Black Sea cargoes adding even more confidence to owners. In the steel segment: Charterers are ready to pay $55/t for transportation of 4-4,500 t of HRC from Iskenderun to Bejaia (equivalent to $5.5k daily bss RV given very low l/d rates); Carrying 5-6,000 t of steels from Catania to Algeria is estimated by ISM at mid-$30s/t given 2,000x/1,000x l/d rates bss 1/1; Brokers suggest low €30s/t for shipment of 5-6,000 t of steels from Seville to the Marmara Sea; An about 3k dwt vessel has been chartered at $250k bss lumpsum for transportation of steel products from the Marmara Sea to ARAG + ECUK bss 1/2.