Chartering market at hand // week 37

摘要

Small-tonnage owners stay in full control of the situation in the Black and Mediterranean Seas. There is still a very acute shortage of open vessels despite the fact that many charterers often fail to make sales at such high transportation costs (especially this applies to exports of grain and various minerals). Wheat, steel products, fertilizers and minerals remain the market drivers; the offer of corn is growing, albeit slowly. Owners have managed to raise freight rates by another $1-2/t this week.