On the 37th week, freight rates in the Azov-Black Sea region continue the steady growth that began last week. Thus, contracts for a shipment of 3,000 tons of wheat from Azov to Marmara Sea ports are concluded at the level of $ 52 per ton. The increase in rates is due to the intensification of trade in Russian grain. It is important to note here that one of the key factors is a further reduction of the export fee on wheat, which has decreased from 3,368.9 rubles per ton to 2,962.9 rubles per ton.
In addition, it is worth emphasizing that there is a shortage of spot tonnage in the region, which also contributes to higher rates. Requests for the transportation of grain cargoes from Volga ports to Turkey and Italy become more frequent. Here rates are rising even faster than shipments from Azov Sea ports due to the limited number of shipowners ready to rise to the river this season.