Owners keep rates stable on Black Sea small-tonnage market

摘要

Activity keeps decreasing gradually on the Black Sea freight market amid slower exports of grains, minerals and steel scrap from Romania and Bulgaria. Shipping volumes ex Ukrainian Danube ports are steadily high, while charterers are trying to cut rates at least slightly (no success so far). However, there is definitely no further rate upturn as traders simply refuse to sign deals. At the moment: Charterers offer $110/t for shipment of 5,000 t of corn from Reni to eastern Greece with 1,000x/1,500x l/d rates, which is equivalent to $7.5k daily bss RV even with an AWRP and 12-14 days waiting times on owner's acct;