+380 67 625 91 65In the Black Sea, the freight market is influenced by weak activity from shippers and a continued surplus of shipowners focused on grain, fertilizers, and metal products. The flow of new bookings remains fragmented, while the negotiating position of shippers is strengthening due to cautious export expectations. Logistical risks and operational instability continue to create nervousness, but they are not driving up rates due to limited cargo volumes. Shipowners are increasingly willing to commit to later dates to avoid downtime. The weather factor and the seasonal slowdown in business activity are further restraining the market. As a result, freight rates are being held in place without significant recovery. In the short term, the market is likely to remain weak and inert, with limited potential for improvement.
In the Mediterranean, freight pressure is increasing due to a decrease in the cargo base and an increase in the number of open ships, which is gradually shifting the balance in favor of shippers. Major cargo categories are showing a decrease in activity, and the holiday season is increasing caution in making new deals. Shipowners are more likely to make concessions, especially when dealing with short-haul flights and flexible loading dates. Additionally, the reduction in operating costs is being used by shippers as an argument in negotiations. However, spot demand can temporarily support the market in certain positions. The overall sentiment remains subdued, with no signs of a sustained reversal. It is expected that the market will continue to weaken gradually in the near future, with attempts to stabilize closer to the end of the holiday season.
In the Sea of Azov, the freight situation is determined by a further reduction in grain supply and ongoing logistical delays, which is creating a conflicting market. On the one hand, the limited availability of fresh cargo is increasing pressure from shippers, while on the other hand, expectations of seasonal restrictions are holding back aggressive rate cuts. Shipowners are trying to maintain their positions through flexibility in terms and dates, but the room for maneuver remains limited. Queues and delays at ports continue to play a significant role in the economics of voyages. The activity is sporadic and does not generate sustainable demand. The market balance remains fragile and sensitive to external factors. In the long term, the dynamics will depend on weather conditions and the revival of the cargo base, which could lead to further stagnation if they do not improve.