Owners are trying to raise the levels, but shippers/charterers are reluctant to do so. The situation mainly remains unchanged with more or less same freight levels.
According to Rufco shipbrokers, the only thing that really changed during the week is that spot tonnage was completely wiped from the market during the bad weather period.
Freight rates to the Sea of Marmara from Rostov lost $2 and make $19.5-20.5 pmt.
Freight rates from Rostov to SE Black Sea ports are also down making $17.5-18.5 pmt.
Cargoes in the Black sea coaster segment quoted for very end of September are shown with a dollar surcharge above the current market conditions. This gives at least some hope for revival.
In the Caspian, politics again severely affects the trade in the region. The market is balancing for the moment but can quickly go down if the political situation deteriorates.
There is only a month and a half remaining before the end of the river navigation. If the political instability persists by that moment, the majority of owners would probably prefer to relocate their vessels to the Sea of Azov segment.
Freight ex Astrakhan to Iran make $25-26 pmt this week.
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.