27/07/2022

On the 30th week, freight rates continue to increase in the Azov-Black Sea region. Thus, the rate for a shipment of 3,000 tons of wheat from Azov to Marmara Sea ports has risen to $ 58 per ton. Growth continues despite a weak activity in the Russian grain market. The increase in rates is explained, first of all, by the activation of shipments from Ukrainian ports. Many shipowners prefer to take cargo from the Danube ports, since high freight rates, sometimes exceeding $ 100 per ton, cover the costs caused by a long waiting for berthing. In addition, contrary to expectations related to the ban on the import of Russian coal, shipments of this cargo to Europe have decreased insignificantly, since coal of Kazakhstan origin, the demand for which has doubled in Europe recently, is now being transported.