FREIGHT ANALYTICS

摘要

December has come, but the traditional pre-Christmas rally has not been reported yet, particularly in the Black and MediterraneanSeas. Even despite the outlined increase in grain shipments from Ukraine and Romania, as well as in traffic of steel products from Russia,the number of new firm cargo offers is still insufficient in the Black Sea to help owners raise rates. In the Mediterranean region, playersnote some recovery in shipments of minerals from North Africa to the EU, but this factor is also insufficient to give the market a clearpositive momentum. Even a soon entry into force of the IMO-2020 regulation so far does not allow owners to push rates up, and this isthe most worrying factor for them. From January 1, considering the current gap in prices for IFO 380 and VLSFO in the region, voyagecosts of 5-6k dwt owners carrying out shipments from the Black Sea to EMed will grow by $4-4.5 per ton of dwt cargo, while those of 10-12k dwt owners will increase by $2.5-3/t. As for shorthaul shipments (inter-BlSea), voyage costs of mini-bulkers and coasters will go upby $0.75-1.25/t.