Few newbuild orders and ship sales benefit European shortsea market

Rates are on the climb in the European shortsea market. Among the reasons are the low number of newbuild orders as well as ship sales to other markets limiting supply, writes shipbroker Toepfer in a new report.

Photo: Modelfoto/Colourbox

Increasing prices on agricultural products combined with infrequent replacements within a very old fleet has freight rates soaring on the shortsea market in Europe and the Black Sea, writes shipbroker Toepfer in a new report.

Conditions on the shortsea market are therefore favorable at the moment, seen from a carrier's perspective.

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