15/06/2022

On the 24th week, freight rates have risen again by several dollars in the Azov-Black Sea region. Thus, the rate for a shipment of 3,000 tons of wheat from Azov to Marmara Sea ports is $ 49 per ton. At the same time, it should be noted that there is a lull in the grain market at the moment. The vast majority of charterers have already spent the quotas allocated to them for the shipments of wheat, corn and barley. At the same time, the strong ruble exchange rate coupled with the weakened Turkish lira does not allow traders to conclude contracts with Turkish partners. The rates are being raised primarily due to active shipments of coal, the export of which to European countries will be limited in less than two months. In addition, it is worth noting that there are few spot vessels on the market, so most shipowners are already considering cargoes for the 26th week, when grain shipments could resume.