On week 13, the upward trend in the Azov and Black Sea freight market continues. Thus, the rate for a 3K parcel of wheat from Azov to Marmara Sea ports is $65 per ton on the average, Sea Lines shipbrokers report.
This week, the gap observed between the usual level of freight from the northern and southern ports of the Sea of Azov has increased even more. Many shipowners insist on working cargoes only from the ports of Kavkaz, Temryuk or Novorossiysk.
In general, the trade in grain crops continues to be very active for different destinations. In addition, taking into account the quotas for wheat and corn in force, there are more and more requests for shipment of bran, pulp, cake, flax and other subcultures.
And, for the time being, most market players do not see conditions for a sharp change in the regional freight market trend.
According to Sea Lines, on week 13, freight rates for wheat parcels from Azov made $63 to the Black Sea, $65 to Marmara, $80 to Mersin and $82 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 remain on the previous week’s level.
On week 13, 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.