On week 15, the Azov and Black Sea region maintains a high level of freight rates. Thus, the rate for a 3K wheat parcel from Azov to Marmara Sea ports is $83 per ton, Sea Lines shipbrokers report.
Despite the high export fees and some reduction in demand, freight rates are not decreasing, contrary to the expectations of many market players.
The main destination is Turkey, there are quite few requests for other destinations at the moment, although there are some shipments to Italy, Greece or Egypt.
The freight market is also actively growing in the Black Sea region, which affects the amount of tonnage in the Sea of Azov.
Market players expect that freight rates should still go down slightly in the coming week to allow charterers to successfully conclude trade contracts.
According to Sea Lines, on week 15, freight rates for wheat parcels from Azov made $78 to the Black Sea, $80 to Marmara, $95to 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 15, 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.