Фрахтовый рынок Азовского и Каспийского моря. Неделя 27, 2021

Azov and Caspian Freight Market, Week 26, 2021

  • On week 27, freight rates in the Azov and Black Sea region began to rise. The rate for a 3K mt parcel of wheat from Azov to Marmara reaches $32 pmt, Sea Lines shipbrokers report. However, there is a large gap between the expectations of ship owners and the level of freight that charterers are willing to pay.

    A sufficient amount of cargo in the market allows ship owners to make extremely optimistic forecasts for the next few weeks. However, many charterers note that the bad weather and hurricanes in the south of Russia have seriously damaged the harvest of some crops, as a result, there may be difficulties with shipments, Sea Lines warn.

    Many producers have just started harvesting, and according to their forecasts, shipments will be possible only closer to the middle of August.

    As for the main destinations of shipments, requests are actively received for Italy, Greece, Spain and Israel. Cargoes to Turkey are also present on the market in a large volume, but due to the upcoming long holidays in the country, many ship owners prefer not to consider Turkish ports.

    On week 27, freight rates for 3,000-5,000 dwt bulkers from the port of Azov went up.

    According to Sea Lines, freight rates for wheat parcels from Azov made $30 to the Black Sea, $32 to Marmara, $46 to Mersin and $52 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 27, 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.

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