On week 25, freight rates dropped by several dollars in the Azov and Black Sea region. Thus, the rate for a 3K parcel of wheat from Azov to Marmara Sea ports is $47 per ton, Sea Lines shipbrokers report.
There are practically no new contracts for June dates in the grain market. Shipments for July are mostly only being calculated.
However, there is no sharp drop in rates in the region due to quite active shipments of coal, as well as the execution of previously concluded contracts by shipowners.
According to Sea Lines, on week 25, freight rates for shipping wheat by 3,000 dwt bulkers from Azov make $45 pmt to the Black Sea, $47 pmt to Marmara, $62 pmt to Mersin and $69 pmt 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 for some destinations declined.
On week 25, freight rates for shipping corn by 3,000 dwt bulkers to Iran make $19 pmt from Aktau, $25 pmt from Makhachkala, and $31 pmt 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.