The market is remaining in the same position, the activity is still as high as during the previous week.
The influence of weather over the market is going to be over soon. Weather forecast is finally showing spring season, but this also means that it’s about time for another key factor which would again severely affect the shipping market – STS operations at Kerch Strait / Kavkaz roads.
According to Rufco shipbrokers, freight rates to the Sea of Marmara from Rostov made $35-36 per ton and from Yeisk $34-35 per ton.
Freight rates to SE Black Sea ports were $33-34 per ton from Rostov and $32-33 from Yeisk.
Cargo flows ex Aktau and Astrakhan are quite active right now, according to Rufco shipbrokers, but soon they would be definitely influenced by forthcoming Nowruz holidays. The trading activity is expected to revive again only after April, 3.
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.