03/08/2022

On the 31st week, there is an increase in freight rates in the Azov-Black Sea region. Thus, contracts for the shipment of 3,000 tons of wheat from Azov to Marmara Sea ports are concluded at the level of $ 62 per ton. It should be noted that grain cargoes to Turkey, Greece and Italy are sold with difficulty, so the freight market is still largely influenced by coal shipments. Despite the ban on the export of Russian coal to the EU countries, shipments of this cargo from Russian ports do not stop, as shipments of coal of Kazakh origin are increasingly active. The rates from Rostov to Varna have already reached 64-65 USD/ton, as a result of which many shipowners switched exclusively to coal trading. In addition, shipowners working cargo from Ukrainian ports still prefer to stay in the Black Sea region, which significantly reduces the fleet supply in the Azov sea.