On week 7, week freight rates in the Azov and Black Sea region rose slightly reaching the level of $35 per ton for a 3k wheat parcel from the Sea of Azov to Marmara. This small increase of the spot market is primarily due to unfavorable weather conditions in the Black and Marmara Seas, according to Sea Lines ship brokers.
Many vessels cannot pass the Bosphorus Strait or are forced to wait in Kerch, as a result, there is a shortage of spot fleet for the fulfillment of the last wheat contracts with the export duty of 25 euro per ton.
On week 7, freight rates for 3,000-5,000 dwt bulkers from the port of Azov went up.
According to Sea Lines, freight rates from Azov made $33 to the Black Sea, $353 to Marmara, $46 to Mersin and $48 to Egypt.
Freight rates from Rostov AB (after bridge) are $1 above, from Rostov BB (before bridge) the same, from Yeisk and Taganrog $1 below, and from Temryuk $3 below those from the port of Azov.
In the Caspian, freight rates also grew.
On week 7, freight rates for shipping corn by 3,000 dwt bulkers to Iran made $23 from Aktau, $25 from Makhachkala, and $27 from Astrakhan.
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.