On week 20, freight rates in the Azov-Black Sea region continue to grow. The rate for a 3,000 mt wheat parcel from Azov to Marmara is $22 pmt, Sea Lines shipbrokers report. Many charterers prefer having shipped their cargoes before the beginning of June, when the floating export tax comes into force for export shipments of a number of grain cargoes, such as wheat, corn and barley. The increase in rates is also due to a shortage of spot tonnage, which allows ship owners to set higher rates for their vessels.
The main destinations of shipments are Greece and Italy. Many ship owners are in no hurry to sign contracts for June dates, as they expect the trend of rates increasing to continue. At the same time, grain shipments from the Russian river to the Azov-Black Sea basin direction are practically not to be observed, since charterers cannot offer competitive rates in the conditions of a sharp increase in rates in the Caspian direction. According to the estimates of both ship owners and charterers, resumption of shipments from the river is expected only with the beginning of the new season.
On week 20, freight rates for 3,000-5,000 dwt bulkers from the port of Azov grew.
According to Sea Lines, freight rates for wheat parcels from Azov made $20 to the Black Sea, $22 to Marmara, $35 to Mersin and $38 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 move up significantly.
On week 20, freight rates for shipping corn by 3,000 dwt bulkers to Iran made $29 from Aktau, $31 from Makhachkala, and $33 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.
Photo by Alexander Belenkiy, https://macos.livejournal.com