The week 12 started with a slight drop in rates in the Black Sea deep sea market. The region saw a large number of vessels in spot positions whose owners preferred to wait a few days expecting the market to pick up again, Sea Lines shipbrokers report.
Due to the queue in the Suez Canal after the grounding of Evergreen-operated containership, the rates are expected to rise in the second half of the week, due to a shortage of tonnage in the Black Sea and Mediterranean.
On week 12, freight rates for 40,000-50,000 dwt bulkers from Novorossiysk declined for some destinations so far.
According to Sea Lines shipbrokers, freight rates from Novorossiysk made $22 pmt to East Med and $24.25 pmt to West Med.
Freight rates from Novorossiysk to Casablanca were $31.25 pmt, freight rates to India amounted to $49.75 pmt.
Freight rates from Novorossiysk to China made $51.5 pmt.
Please note that the rates cited in this article are average market rates. We ask our readers to pay attention that this information is not a commercial offer and cannot be an example for comparison in commercial disputes and arbitration.