Freight market

摘要

Global CFI has added another $0.18/t this week. Similar to early November, the increase has been caused by higher sea-riverfreight rates in the Azov Sea ($1.9/t up) and the Caspian Sea ($1.5/t up). The BlSea CFI has inched up by another $0.41/t.The development in TCE for small dwt seagoing vessels has been rather pale in the Black Sea due in part to soaring prices forIFO and MGO in November. Coaster daily earnings have even dropped slightly in the Baltic and Mediterranean Seas. The ISMCommodity Index has sagged by 3.3 points this week. This is primarily due to sluggish oversea demand for CIS-origin finished andsemi-finished steel products, and thereby the gradually decreasing prices for the above products. Steel scrap prices are also slidingdown, since Turkish buyers show interest in purchases only if they are provided with handsome discounts. Exports of Black Seawheat remain smooth and healthy. Barley prices have risen amid strong demand and limited offer. Importers’ interest in Ukrainianmaize is almost zero.