The correlation between the Azov and the Black Sea market segments still persists. A decrease in trade activity resulted in a slight rate correction in the region.
Next week is full of major industry events, namely Global Grain and Eisbeinessen. It means that many key managers and decision makers would be partly available for a period of time, or, in other words, next week is promising to be quite silent.
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.
Growth and vivid activity are presently concentrated in the Caspian. Rates are increasing here again and there are many opinions that the forthcoming winter season is going to be quite high due to stronger demand from Iranian buyers.
Freight ex Astrakhan to Iran make $37-38 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.