13/07/2022

On the 28th week, the growth of freight rates in the Azov-Black Sea region has continued. Thus, the rate for the shipment of 3,000 tons of wheat from Azov to Marmara Sea ports is $ 52 per ton. It is worth noting that the growth is recorded despite the long holidays in the Muslim world, including in Turkey. Freight rates are increasing, primarily due to the huge demand for Russian coal in Europe on the eve of the entry into force of the ban on its purchase by the European Union. At the same time, it must be said that the market is growing due to the confidence of the majority of its participants that a new crop of Russian grain should soon begin to be exported at an active pace. In addition, the ongoing negotiations in Turkey on the opening of Ukrainian ports for the export of grains also contribute to warming up the freight market in the region.