Market, end of year

19.12.2016

AZOV SHORT SEA: As a result of such saturated week we can see that freight rates are falling down. Owners tried to increase freight rates, but Charterers are canceling deals and don`t show any activity. Presently market direction is unclear while Owners believe that freight rates again will raise up.

CASPIAN SEA: From the beg of December rates have been falling down without stopping. Some Owners joking that «trap slammed» and no other way but only to accept Charterers terms and to keep a low profile.

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