25/05/2022

On the 21st week freight rates in the Azov-Black Sea region dropped again. Thus, the rates for a shipment of 3,000 tons of wheat from Azov to Marmara Sea ports is USD 36 per ton. There are very few goods on the market right now, which is due to several factors at once. High export fees on grains and the strengthening of the ruble as well as a weak demand in the Turkish market do not allow the charterers to conclude contracts. At the same time, the export of Ukrainian grain through the Danube ports is actively underway. The rates are very high there, because the unprecedented cargo traffic has created huge queues at the entrance to the Danube. However, it is worth noting that there is no sharp decline in the Azov sea market, since most shipowners are still fulfilling previously signed contracts, or are working cargoes from Ukraine.