On week 23, for the first time since the long and rapid increase in freight rates, in the Azov sea region the rates remained on the previous week’s level. The rate or a 3,000 mt parcel of wheat from Azov to Marmara makes $31-32 pmt, Sea Lines shipbrokers report.
The amount of cargoes has decreased since the beginning of June, and many market players expect rates to start falling by the end of the month. Most shipowners are not in a hurry to fix their vessels and prefer to wait and see how the market is going to behave in the near future.
According to Sea lines, there is also a lack of cargo from Russian river ports, and the main activity is expected to start with a new harvest, tentatively in August-September of this year.
On week 23, freight rates for 3,000-5,000 dwt bulkers from the port of Azov grew significantly.
According to Sea Lines, freight rates for wheat parcels from Azov made $30 to the Black Sea, $32 to Marmara, $47 to Mersin and $50 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 lost $1 pmt.
On week 23, freight rates for shipping corn by 3,000 dwt bulkers to Iran made $29 from Aktau, $32 from Makhachkala, and $34 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.