+380 67 625 91 65Currently, the situation in the freight market of the Black Sea shows a certain level of stability, despite the influence of external factors. Seasonal changes in weather conditions have the most significant impact on the market, affecting logistics and cargo transportation. An important factor supporting the activity of shipowners is the recovery of grain exports. However, demand from freight forwarders remains moderate, with many postponing deal-making in anticipation of more favorable conditions. The supply of fertilizers and metals continues to play a key role in balancing supply and demand in the freight market. Shipowners are facing the need to compensate for increased operating costs, which makes the negotiation process more complicated. In the long term, an increase in activity is expected due to improved weather conditions and the stabilization of the geopolitical situation, which may lead to an increase in the number of freight contracts.
In the Mediterranean, the key drivers of the freight market remain the supply of fertilizers, scrap metal, and various bulk goods. Despite a stable flow of goods due to cooperation between local producers and importers, there is a decline in demand for some categories of goods, creating additional pressure on freight rates. The instability in finding suitable vessels for small cargo shipments also influences the formation of price offers. An important aspect is the technical condition of the vessels, especially for short routes. Shipowners are confident that current conditions allow them to cover basic expenses, though with lower margins. In the future, the situation is expected to improve due to an increase in the volume of trade in fertilizers and metal products, which could stimulate growth in the freight market.
The situation in the Azov Sea is characterized by limited activity due to the region’s specific nature and challenging natural conditions. The slow pace of grain exports significantly impacts the loading of port infrastructure, leading to delays in the shipping schedule. Transportation limitations are also caused by the need to adapt to changing weather conditions, complicating the planning of voyages. Shipowners are forced to compete for a limited number of available cargoes, which reduces their ability to influence freight rates. A limited choice of routes and types of cargo also hinders market development. In the context of increased attention to delivery costs, market participants are focusing on optimizing expenses. In the medium term, a slight recovery is expected with the start of the new season, when improved weather conditions will allow for increased sailing frequency.
