By the week 25, the freight rates remain at about the same level. The rate for a 3,000 mts shipment of wheat from Azov to Marmara is at $32 pmt level. This rate is mainly for fleet spot positions, Sea Lines shipbrokers explain. Ship owners with vessels opening on later dates prefer to wait and look for cargo at higher rates.
For the time being, the main preference of ship owners is for short voyages, as they are considered much better in the high market. It is therefore difficult to find a vessel for long-distance voyages, and the rates need to be much higher than the market in order to persuade the owner to take cargo for a long voyage.
As many charterers ran out of export quotas for this season, there were fewer goods on the market at the end of June than in previous weeks. Charterers are expected to resume export activity in early July.
At the beginning of the next month the first deliveries of barley of the new harvest are already planned. According to Sea Lines, large companies are already planning their wheat programme for transshipment to the port of Kavkaz. The average rate discussed is $11-12 free d/a.
The wheat export due continues to rise, reaching $38.1 pmt. The import customs duty on corn has also risen, from $48.2 to $50.2 per ton. The rate on barley remains stable at $39.6 per ton.
On week 25, freight rates for 3,000-5,000 dwt bulkers from the port of Azov declined for some destinations.
According to Sea Lines, freight rates for wheat parcels from Azov made $30 to the Black Sea, $32 to Marmara, $45 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 continued to drop.
On week 25, freight rates for shipping corn by 3,000 dwt bulkers to Iran made $20 from Aktau, $22 from Makhachkala, and $25 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.