Following the declines last week, the Black Sea river-sea going coaster market registered notable increases this week. Freight rates for 3,000-tonne wheat cargoes on the Azov-Marmara route rose from $39-40/tonne to $41-42/tonne. On the Rostov-Marmara route, freight rates rose from $39/tonne to $43-44/tonne. On the Rostov-Mersin route, freight rates rose from last week's low of $56-57/tonne to $61-62/tonne.

In the conventional market, freight rates from Novorossiysk remained unchanged, if there were any fixtures to be seen. Freight rates for 5,000 tonnes of steel bound for Marmara continued at around $17-18/tonne, while freight rates for 5,000 tonnes of wheat remained at around $18-19/tonne.

Freight rates for 6,000 tonnes of grain shipments from Reni and Izmail to Marmara may have risen from $19/tonne last week to $21/tonne.

The Baltic Dry Index (BDI) for large-tonnage vessels rose from 2,126 points to 2,203 points this week. Capesize rates rose sharply, while Panamax tonnage fell and Supramax remained steady.

The Baltic Supramax Index (BSI) made a slight correction from 1,492 points to 1,489 points. The average income also declined slightly from 18,856 points to 18,822 dollars.

Looking at the routes in detail, freight rates on the Black Sea-Far East route rose from $19,950/day to $20,842/day. Yields from the Gulf of Mexico to the Far East also saw a slight correction, falling from $31,271/day to $31,150/day. Far East averages also fell from $16,675/day last week to $16,256/day.

The Baltic Handysize Index (BHSI) rose from 804 points to 815. Average revenues increased from $14,475 per day to $14,671 per day.

Handysize revenues for the Black Sea, Mediterranean, and Continent routes rose from last week's level of $11,000/day to $11,500/day. In the Far East, daily rates continued to hover around $13,000/day. Revenues on the South America-Continent route continued their upward trend this week, rising from $21,517/day last week to $22,611/day. Average revenues in the Far East markets declined again this week, adjusting from $13,249/day to $13,088/day.

Closing the week with sales again...

This week, the 2021 Japanese-built 66K DWT “Jal Kalpavriksh” and “Jal Kalpataru” were sold in bulk for over $32.5 million each. The 2016 Japanese-built 63K DWT “DSI Drammen,” equipped with a flue gas cleaning system, went for $25 million.

The 2013 Japanese-built Supramax vessel “Krait” changed hands for $16.85 million. The 2013 Chinese-built “Sagar Kanya” was also sold for the same price. The fact that both ships were sold for the same price was due to the “Sagar Kanya” being a NACKS-built vessel. The 20-year-old 2005 Japanese-built “Elizabeth River” was sold for $9.8 million.

Looking at handysize sales, the 2010 Japanese-built 33K DWT “Global Mermaid” sold for $11 million. The 2011 Chinese-built “Vega Everest” changed hands for $9.2 million. Another 2011 Chinese-built handysize vessel, the “Sea Sapphire,” sold for a low $8 million.

No sales of coasters were reported this week either .

We bid you a great week ahead…