Increased trading activity is still supporting the market. Rates are firming up in Azov Sea. Owners prefer to fix shorter legs in hope for further upward trend.
However, according to Rufko shipbrokers, year-to-year statistics show that it would be more reasonable to concentrate right now on long haul voyages, especially bearing in mind the shorter ice campaign this year.
This week freight rates to the Sea of Marmara are $32-33 per ton from Rostov and $31-32 per ton from Yeisk.
Freight rates to SE Black Sea ports make $30-31 per ton from Rostov and $29-30 per ton from Yeisk.
The Caspian Sea market is without any significant changes. Activity is quite stable and demand from Iran in grain cargoes is continue to rise.
Please note that the rates cited in this article are average market rates. We ask our readers to pay attention that this information is not a commercial offer and cannot be an example for comparison in commercial disputes and arbitration proceedings.