Trump shipping, despite large quantitative and qualitative changes in the composition of the world fleet, the emergence of new forms of organization of maritime transport, continues to be one of the most important elements of international trade. The global freight market for tramp tonnage is a market of perfect competition for the following reasons: a large number of sellers and buyers of homogeneous products independently operate on it; each of them cannot significantly affect the level of freight rates and has fairly complete information about prices and costs. Due to the fact that tramp ships are not associated with a specific navigation area and go where there is a need, the tramp market is sensitive to changes in supply and demand, it is characterized by significant fluctuations in freight rates. In this regard, the research topic is relevant. Within the framework of the article, the authors propose a methodical approach to determining the possible range of freight rates in tramp shipping, taking into account the input parameters of the upcoming voyage and the current state of the freight market. The practical calculations carried out allowed us to conclude that today for ships of the size "Handymax" in the geographical section of the Black Sea-Mediterranean Sea, the gap between the minimum and maximum possible freight rates for ships of the same age can reach four dollars per 1 ton of cargo
tramp shipping, freight market, time charter equivalent, freight rate, range determination
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