+380 67 625 91 65The Black Sea is showing steady activity due to the preservation of significant volumes of grain cargoes and a moderate supply of tonnage. The main burden on the market falls on Ukrainian supplies, which remain stable, although their pace has decreased somewhat due to adverse weather conditions and a reduction in new orders from shippers. Shipowners are holding their positions due to the limited number of available vessels and the continued demand for medium-tonnage shipments. Attempts by shippers to reduce freight do not bring tangible results, since the shortage of tonnage does not allow us to talk about overheating of the supply. An additional impact is provided by the growth of shipments of steel and fertilizers, which supports the overall balance. Despite a slight cooling in activity, the market is showing stability, and positive dynamics are expected to continue in the coming weeks with a possible slight increase in interest rates amid increased demand for corn exports.
In the Mediterranean, the market remains in a state of equilibrium. Shipments of grain, fertilizers and mineral cargoes continue as planned, while supply and demand are in relative balance. Shipowners are trying to maintain the achieved freight level, but the opportunities for further improvement are limited by the current fleet load level. Shippers are showing restrained activity, striving to consolidate stable transportation conditions against the background of the absence of strong price fluctuations. The main impact on the market is the steady flow of goods from Turkey and North Africa, as well as a moderate decrease in activity in the eastern part of the region. If current trends continue, the market is likely to remain at the levels reached with minimal changes, and freight growth is possible only with increased demand for grain shipments towards the end of the month.
The downward trend continues in the Sea of Azov. The shortage of fresh grain cargo supplies constrains trading activity and puts pressure on rates. Shippers continue to use cautious tactics, waiting for logistics and weather conditions to stabilize, while shipowners try to hold their positions due to a limited fleet and slowing down the passage through the Kerch Strait. Despite the weakening of the flow of new contracts, the market remains balanced due to domestic demand and the availability of individual shipments of coal and fertilizers. An additional support factor is the approach of the ice campaign, which may partially reduce the supply of tonnage and slow down the fall in rates. The forecast indicates a gradual stabilization of the market in the coming weeks with a likely transition to neutral dynamics.