Charterers easily keep coaster freight rates at very bottom in BlSea

摘要

Despite the upcoming new grain season, the market situation is so far not adding optimism to coaster owners in the Black Sea. Spotmarket activity remains extremely weak. Most vessels keep standing idle without employment.Spot grain shipments remain minimal. The deal for transportation of 5-6,000 t of agri products (sf 62`) from Pivdennyi to Imminghamwith l/d rates of 1,750x/2,000x is discussed at $28/t bss free dock dues in UK. The contract for shipment of 8,000 t of corn from Constantato Naples has been concluded at $12/t. Charterers are ready to pay $12-12.5/t for transportation of 6,000 t of barley (sf 54`) fromConstanta to Cyprus in late June. A 4,200 t lot of malt (sf 64`) is exported from Kherson to Izmir at $15/t, which corresponds to $11-11.5/t bss 5,500 t of heavy grain. Note that owners continue to receive requests from traders who want to check rates for shipments ofnew crop grain in 1H July, though firm offers are still very few. Charterers are ready to pay $17/t for transportation of 6-7,000 t of wheatto the Adriatic Sea and $15-16/t to Mersin, Lebanon or Egypt in mid-July (which barely reaches $1.3-1.4k daily bss RV in case bunkerprices stabilize at current levels).