In the Sea of Azov, [rompt and spot tonnage has started to appear in the market. This fact might indicate a decline in trade activity in the region.
The gap between owners and charterers’ Initial freight ideas is also increasing. According to Rufco shipbrokers, some sources are even reporting a slight decline in freight rates, especially for Marmara destination.
According to Rufco shipbrokers, freight rates to the Sea of Marmara make $23-23.5 pmt from Rostov and 22.5-23 pmt from Yeisk.
Freight rates to SE Black Sea ports are $21-21.5 pmt from Rostov and 20.5-21 pmt from Yeisk.
Black sea coasters are holding the same position. After almost 4 weeks of slow but continuous upward movement, the rates have stabilized. During the autumn, this segment is showing strong correlation and the same dynamic as the Azov sea-river market.
In the Caspian, freight rates have also almost stabilized. The main commodity and market driver in the region now is corn.
Freight ex Astrakhan to Iran make $33-35 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.