On week 26, freight rates in the Azov region showed a slight decrease. The rate for a 3K mts of wheat from Azov to Marmara sea ports fell to the level of $30-31 pmt. Freight rates for long distance voyages remain at the same level, as most ship owners prefer cargoes for closer destinations, Sea Lines shipbrokers report.
However, due to the approaching long holidays in Turkey in mid-July, a number of owners, who are able to travel to Europe, prefer to look for cargoes to those destinations rather than risk getting stuck in Turkish ports on days off.
The demand for barley is low among Turkish buyers, as many of them are waiting for the new harvest to come to the market in the second half of July. Also, some Turkish players have switched to purchasing grains from Ukraine due to more attractive prices as there is no export duty in that country.
Major charterers continue to actively seek trans-shipment vessels to Port Kavkaz starting from the end of July –early August. There are fewer cargoes on the spot, as charterers are waiting for the new harvest and are expected resume shipments from the second half of July.
On week 26, 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 $28 to the Black Sea, $30 to Marmara, $44 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 did not change.
On week 26, freight rates for shipping corn by 3,000 dwt bulkers to Iran made $20 from Aktau, $23 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.