01/07/2020 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. 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.

03/06/2020 Market news

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.