Фрахтовый рынок Азовского и Каспийского моря. Неделя 16, 2022

Azov and Caspian Freight Market, Week 16, 2022

  • On week 16, there was a slight decrease in freight rates in the Azov and Black Sea region. The freight rate for a 3K parcel of wheat from Azov to the Marmara Sea ports was about $79 per ton, Sea Lines shipbrokers report.

    There was a sharp drop in demand for Russian grain last week, first of all, on the part of Turkish partners. Thus, export prices for Russian wheat of 12.5% with delivery in May decreased to $368 pmt FOB (-$2 pmt).

    Shipments to more distant destinations such as Lebanon, Egypt or Greece are contracted, but their number is insignificant. As a result, more and more spot vessels began to appear in the Black and Azov Seas.

    If the situation on the grain market does not change in the coming days, highly probability, freight rates are highly likely to declining, Sea Lines forecast.

    According to Sea Lines, on week 16, freight rates for wheat parcels from Azov made $77 to the Black Sea, $79 to Marmara, $99 to Mersin and $100 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 were up a dollar or so.

    On week 16, freight rates for shipping corn by 3,000 dwt bulkers to Iran make $21 from Aktau, $26 from Makhachkala, and $33 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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