Black Sea region: rates ex Danube ports reached the ceiling

摘要

The softening trend that emerged on the Black Sea small-tonnage market last week has continued and even strengthened. Spot vessel list is growing; especially this applies to owners seeking to work ex Danube ports at incredibly high rates. Deals for shipments ex Danube ports are concluded on very different terms regarding waiting times (some charterers are ready to compensate for 10 days of downtime, others for 5 days, etc.). Most traders gradually try to cut rates, refusing to repeat the levels seen in the previous 2 weeks: