After 28 weeks, the freight market finally started to recover
After 28 weeks, the freight market finally started to recover: the number of shipments is increasing and less spot positions are represented on the market.
Market news
On the 27th week the grain export restrictions were lifted what has to lead to improvements on freight markets in all regions and raising of freight rates.
On the 27th week the grain export restrictions were lifted what has to lead to improvements on freight markets in all regions and raising of freight rates. Owners offer higher rates waiting for expecting a sharp increase in demand for spot vessels. However, most participants of grain market are confident that there will be no significant changes on the market till mid July.
On the 26th week the market is in anticipation of a new grain season.
On the 26th week the market is in anticipation of a new grain season. Next week, with the beginning of July and the end of the ban on grain exports, shipowners expect a significant increase in market activity and in demand for tonnage.
On the 25th week freight market is still too quite with low amount of shipments.
On the 25th week freight market is still too quite with low amount of shipments. In the Azov sea region the freight rates remain on the low level of previous weeks: USD 12-13 PMT for shipments from Azov to Marmara sea ports.
On the 24th week there are still low freight rates in Azov sea region
On the 24th week there are still low freight rates in Azov sea region and the price for shipment of 3000 mts of wheat from Azov to Marmara sea ports is already equal to USD 12 PMT. Owners are waiting for new grain season, hoping that with the end of export restrictions on 30th of […]
On the 23th week the freight market and its participants are waiting for new grain season beginning so the current market activity is still very low.
On the 23th week the freight market and its participants are waiting for new grain season beginning so the current market activity is still very low. On the Azov sea market there are small number of grain shipments, in particular bran, which, due to the large number of spot tonnage can be fixed at fairly low freight rates. The price for shipment of 3000 mts cargo from Azov to Marmara sea ports has dropped to USD 13-14 PMT.
On the 22th week a relatively low activity remains in the Azov sea region.
On the 22th week a relatively low activity remains in the Azov sea region. The level of freight rates for a shipment of 3000 mts of wheat from Azov to Marmara sea ports remain on the USD 14-15 PMT level. A large number of spot vessels positions maintains low freight rates. On this week some […]
On the 21th week in the Azov sea region the low level of freight rates is kept.
On the 21th week in the Azov sea region the low level of freight rates is kept. The number of spot vessels is only increasing, but there is still lack of shipments from ports of Azov sea. In the next two weeks, their further decrease is possible, as long holidays begin in Turkey. The freight […]
On the 20th week unfortunately we don´t observe any amelioration on the freight market.
On the 20th week unfortunately we don´t observe any amelioration on the freight market. The absence of cargoes in the majority of the regions makes the owners to reduce freight rates hoping that low prices would help them to obtain cargoes for shipments.
On the 19th week the depleting of grain export quota has let to the collapse of freight market in Azov sea region.
On the 19th week the depleting of grain export quota has let to the collapse of freight market in Azov sea region. Frate rates have reached the level of USD 15-16 for 3000 mts wheat shipment from Azov to Marmara sea ports. Despite the numerous appeals of grain traders to the Ministry of Agriculture complaining […]