29/06/2022

On the 26th week in the Azov-Black Sea region, freight rates again dropped by several dollars. So, the rate for sending 3,000 tons of wheat from Azov to Marmara Sea ports is USD 44 per ton. Despite the expectation of the majority of participants in the freight market, the start of the grain shipping season is little postponed, since the strong ruble exchange rate does not allow for the conclusion of sales contracts. In addition, Kurban-Bayram holiday begins in Turkey on July 9, which may also lead to a temporary decrease in demand on the Turkish market. Thus, the resumption of activity in the market is planned for the second half of July and many charterers are already starting to look at the fleet for these dates in advance