Фрахтовый рынок Азовского и Каспийского моря. Неделя 31, 2021

Azov and Caspian Freight Market, Week 31, 2021

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    On the week 31, freight rates in the Azov and Black Sea region recorded an increase after a slight drop observed last week. Thus, shipments of a 3k parcel of wheat from Azov to Marmara are concluded at $38, Sea Lines shipbrokers report.

    At the same time, the freight market in the region is now extremely unstable. While for many charterers contracts could be successfully concluded only with the maximum freight level of $35, most shipowners focus on the lower 40s.

    Despite the fact that the export fee for wheat, corn and barley remains at the level of last week, it is difficult for charterers to conclude deals with Turkish partners. It was expected that after the announcement of the results of the TMO on August 4, the situation with the conclusion of contacts will improve, but so far this is not to be observed. Shipments from the river also do not work out, and charterers are forced to work on FOB basis.

    On week 31, freight rates for 3,000-5,000 dwt bulkers from the port of Azov went up.

    According to Sea Lines, freight rates for wheat parcels from Azov made $36 to the Black Sea, $38 to Marmara, $54 to Mersin and $56 to Egypt.

    Freight rates from Rostov AB (after bridge) are $1 above, from Rostov BB (before bridge) the same, from Yeisk and Taganrog $1 below, and from Temryuk $3 below those from the port of Azov.

    In the Caspian, freight rates also increased.

    On week 31, freight rates for shipping corn by 3,000 dwt bulkers to Iran made $23 from Aktau, $25 from Makhachkala, and $27 from Astrakhan.

    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.

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