On week 12, accelerated growth of freight rates continues in the Azov and Black Sea region. This week, the rate for a of 3k parcel of wheat from Azov to Marmara Sea ports reaches $62 per ton, an increase of $9 compared to last week’s rates, Sea Lines shipbrokers report.
This trend can be explained by unfavorable weather conditions in the Black and Azov Seas at the end of the previous week, which led to a shortage of spot tonnage. In addition, there is a huge demand for grain crops and coal in the market, which contributes to the agiotage for vessels in the region.
According to Sea Lines, shipowners agree more often to work from the northern ports of the Sea of Azov, although for some owners cargoes from Temryuk and Kavkaz still remain a priority. As for destinations, same as last week, charterers consider cargoes to a variety of destinations, such as Turkey, Israel, Italy or Egypt.
According to Sea Lines, on week 12, freight rates for wheat parcels from Azov made $60 to the Black Sea, $62 to Marmara, $75 to Mersin and $77 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 from some ports of origin went down.
On week 12, freight rates for shipping corn by 3,000 dwt bulkers to Iran make $21 from Aktau, $25 from Makhachkala, and $30 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.