Фрахтовый рынок Азовского и Каспийского моря. Неделя 14, 2022

Azov and Caspian Freight Market, Week 14, 2022

  • On week 14, there was a very sharp rise in freight rates in the Azov and Black Sea region. The rate for a of 3K parcel of wheat from Azov to Marmara Sea ports was already $80 per ton, Sea Lines shipbrokers report.

    The strong increase in rates began at the end of the previous week, they say. It is primarily due to the shortage of spot tonnage and high activity in the grain market. In addition, some insurance companies have begun to increase fees for military risks, which has affected freight rates.

    In the Black Sea, the freight market is also recording a significant increase, although the rates are much lower than in the Sea of Azov. Active shipments of Ukrainian wheat are underway from the ports of Romania and Bulgaria.

    Most market players are inclined to believe that in the coming weeks a sharp drop in freight prices is unlikely and there is a chance of maintaining the trend of freight growth due to the unstable situation in the region.

    According to Sea Lines, on week 14, freight rates for wheat parcels from Azov made $78 to the Black Sea, $80 to Marmara, $95 to Mersin and $97 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 stable.

    On week 14, freight rates for shipping corn by 3,000 dwt bulkers to Iran make $20 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.

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