On week 35, fright rates in the Azov-Black Sea region demonstrate a significant drop. According to Sea Lines shipbrokers, shipments of 3,000 tons of wheat from Azov to the ports of the Marmara Sea are concluded at the level of $ 45 per ton.
Such a sharp change in the market dynamics is due to the drastic increase of the export due for wheat, which rose from $31.7 to $ 39.4 per ton last week. Moreover, most charterers predict a further increase in dues during the next few weeks, which negatively affects the grain trade.
Under these conditions, shippers start calculating shipments of commodities that do not fall under the export fee restrictions, such as millet, peas, chickpeas or wheat pellet brans. The main direction of shipments remains Turkey, although occasionally there are shipments to Greece and Israel, Sea Lines report.
Shipments from river ports start to be calculated more actively, however, due to the large flow of cargoes from the Caspian region, the rates remain extremely high, which does not allow charterers to finalize their contracts.
On week 35, freight rates for 3,000-5,000 dwt bulkers from the port of Azov dropped.
According to Sea Lines, freight rates for wheat parcels from Azov made $43 to the Black Sea, $45 to Marmara, $59 to Mersin and $66 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 also declined.
On week 35, freight rates for shipping corn by 3,000 dwt bulkers to Iran made $28 from Aktau, $34 from Makhachkala, and $36 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.