On week 19, there is a tendency for lower freight rates in the Azov and Black Sea region. Thus, deals for 3K parcels of wheat from Azov to Marmara Sea ports are concluded for $35 per ton, Sea Lines shipbrokers report.
After the holidays, the grain market has become somewhat more active, but there are much fewer transactions than in mid- and late April. However, the collapse of the freight market is likely to stop, and the rates will not be changing as drastically as it was the case during the last few weeks, Sea Lines expect.
Many shipments of Russian wheat and wheat pellet bran are expected in the coming weeks, primarily to Turkey.
In the Black Sea, there are a lot of shipments of Ukrainian grain from the ports of Reni and Izmail, as well as from Romanian and Bulgarian ports to a variety of destinations, which results in the high level of rates in the region being maintained.
According to Sea Lines, on week 19, freight rates for wheat parcels from Azov made $33 to the Black Sea, $35 to Marmara, $50 to Mersin and $53 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 went up.
On week 19, freight rates for shipping corn by 3,000 dwt bulkers to Iran make $21 from Aktau, $27 from Makhachkala, and $34 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.
