In the Sea of Azov, there are too many open vessels introduced to the market in spot and prompt positions. Market players report that there is a big demand from Turkish buyers for Russian wheat, however those traders / shippers who have real quantity in their hands prefer to wait and see while price is rising, according to Rufco shipbrokers.
The shortage of wheat orders ready for transportation is the main cause of the recent freight correction and open tonnage on the market.
Freight rates to the Sea of Marmara from Rostov make $26-28 per ton.
Freight rates from Rostov to SE Black Sea ports are $24-26 per ton.
In the Caspian, freight rates ex Astrakhan continue to decline, however the number of cargoes proposed for shipment from Astrakhan and Aktau is quite stable.
The current freight rates from Astrakhan to Iran remain at $37-39 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.