Tariffs for Handysize and Coaster vessels increase amid soaring bunker fuel prices

The first week of spring brought a new wave of uncertainty to the Black Sea freight market.

The hostilities in the Middle East have caused a sharp increase in bunker prices, forcing shipowners in all segments to revise their freight offers upwards.

In most cases, owners are now demanding around $2-4 per ton more, depending on the route, to compensate for the increase in fuel costs. As a result, Ukrainian charterers are facing increasing difficulties in securing tonnage as the widening gap between supply and demand slows down negotiations, leaving overall pricing activity during the reporting week quite limited.

Tags: freight rates