On week 15, a slight decline in grain cargo can be noted in the Black Sea deep-sea market. Charterers are in no hurry to conclude contracts and ship grain, as freight rates for standard “grain” directions remain high, which does not allow companies to receive large revenues, even though commodity prices have dropped. However, regular shipments of steel and coal are maintained in the region, Sea Lines shipbrokers report.
On week 15, freight rates for 40,000-50,000 dwt bulkers from Novorossiysk declined slightly for some directions.
According to Sea Lines shipbrokers, freight rates from Novorossiysk made $21 pmt to East Med and $24 pmt to West Med.
Freight rates from Novorossiysk to Casablanca were $31 pmt, freight rates to India amounted to $49 pmt.
Freight rates from Novorossiysk to China made $51 pmt.
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.