Despite of Turkish tender and weak signs of market growth therefore further development of coaster and sea-river market is not obvious. Main season driver – grain has no much possibilities to influence freight market due to very limited trading margin caused by price decreasing.  

Last events in Saudi Arabia and following oil prices rise makes Russian rouble 5% stronger against USD than it was week ago. This 5% rouble strengthening, of course depend on goods price, makes additional 5-7 USD pmt rise of commodities buyout prices FOB or CPT basis Russian ports? negatively effecting exports and shipping.

Market would require 2-3 weeks more to recover than we forecasted in our previous article