Handy tonnage boom with TC rates at usd 25000,- daily and more could sharply rise coaster market which is almost idle for the moment.

It was quite unexpected and unpredictable that grain season at Black Sea would be so wired. After 30% freight rise in July connected with new crop coasters suffer 40% fall in August actually to below June freight levels. 

In this situation sea-river and coaster tonnages looks even more feasible than sea going ones. The market situation looks completely upside down: smaller parcels delivered from river and shallow ports are in fact 4-5 USD cheaper than Handy parcels. Transshipment at Kavkaz is not profitable anymore as well.

No doubt if high handy market would persist market for smaller tonnages should recover in next 3-4 weeks – we expect 25-30% freight rise in October 2019