+380 67 625 91 65Black Sea freight market remains under significant pressure due to lack of significant grain shipments. Charterers insist on lowering rates, citing difficulties in selling agricultural products. Shipowners, in their turn, strive to keep profitability at an acceptable level but face unstable conditions and lack of constant cargo flow. Even local deliveries from regional ports do not change the overall situation. Positive signals on the market are extremely rare and do not create preconditions for stabilization.
In the Mediterranean Sea, trade activity remains low, which aggravates the unstable position of shipowners. Cargo flows are limited to infrequent shipments of construction materials, which do not provide balanced demand. Shipowners are forced to adapt to changing conditions, while Charterers dictate their rules. Operators note the lack of incentives for market development, which makes the overall atmosphere uncertain and lacking prospects for rapid improvement.
In the Sea of Azov, the situation is similar: there is no stable demand, and rare shipments do not form a stable trend. Shipowners are under pressure, as Charterers are taking advantage of the limited number of bids, which allows them to dictate tougher terms. Rare shipments, be it grain or other raw materials, do not form a consistent trend to strengthen shipowners’ positions. Rates remain low, and the market remains uncertain. There are no factors that can balance the interests of the parties and stabilize the situation in the near future.
