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Black Sea and Mediterranean spot market activity for handysize and supramax vessels remains very weak. Some improvement is seen only for July and August laycans, and time-charter rates are around $5-11k daily.
A 30,000 t corn voyage from the Black Sea to Alexandria was reported at $13/t.
Weak spot demand and low voyage rates indicate soft freight conditions for Black Sea grain exports. Modest July-August improvement may slightly firm rates only for later dates.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.