Freight Rates: A Long-Awaited Balance Found on Certain Routes
(Market Review for the 1st Week of November 2023)
Charter Rates for Supramax:
Key Highlights:
Supramax rate on the Continent–Far East route is set at around $20,500.
Strong demand from the US Gulf (USG) to the Continent, with rates at about $19,500.
Trade routes to China, both domestic and foreign, remain stable at around $8,500.
Charter Rates for Panamax:
Charter Rates for Handysize:
Key Highlights:
- Routes connecting the Continent with both East Coast South America and East Coast North America show rates in the range of $10,500–$12,500.
- Trade routes from Southeast Asia to China maintain an average rate of about $9,500.
Charter Rates for Coaster in the Azov Sea:
Key Highlights::
- Routes to Georgia, TBS, Marmara, and Izmir remain stable with slight decreases.
- Rates to Egypt have slightly declined over the past week.
- Most routes in this segment show steady trends, indicating a balanced supply and demand.
Sincerely, Konstantin Grinevich and Glogos Project
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