The Azov market is correcting.
The rates have lost a couple of dollars since last week.
According to Rufco shipbrokers, market players are reporting a decline in trading activity, but surprisingly there is not so much free tonnage in the market, which might indicate a likelihood for a further rate growth.
Freight rates to the Sea of Marmara from Rostov make $30-31 per ton.
Freight rates from Rostov to SE Black Sea ports are $28-29 per ton.
The forthcoming end of the navigation period is forcing shippers to increase freight levels for cargoes ex Volga and Don river ports.
A sufficient number of cargoes is quoted ex Astrakhan. Some shippers are ready and express willingness to conclude COAs from Astrakhan to NIP.
The demand for grain transportation from Aktau is also quite active, but the rates indicated here usually in low USD 20’s pmt.
The current freight rates from Astrakhan to Iran remain at $38-41 per ton.
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.