On the 9th week freight rates in the Azov-Black Sea region continued to decline. Contracts for the shipment of 3,000 tons of wheat from the Azov Sea to the ports of the Marmara Sea are already concluded at the level of $ 26 per ton and below. At the same time, the drop in rates […]
On the 8th week freight rates in the Azov-Black Sea region began to decline. Thus, contracts for the shipment of 3,000 tons of wheat from the Azov Sea to the ports of the Marmara Sea are concluded at the level of $ 30 per ton. The drop of the market is due to the return of a large number of fleet to the Sea of Azov after the improving of weather conditions in the Black and Marmara Seas.
On the 7th week freight rates in the Azov-Black Sea region rose slightly, reaching the level of $ 35 per ton for a shipment of 3,000 tons of wheat from the Azov Sea to the ports of the Marmara Sea. This small increase of the spot market is primarily due to unfavorable weather conditions in the Black and Marmara Seas.
On the 6th week freight rates in the Azov-Black Sea region began to gradually decrease, reaching the level of $ 33 per ton for shipments of 3,000 tons of wheat from the Azov Sea to the ports of the Marmara Sea. There are a lot of vessels in spot positions on the market, because trying to ship wheat before the export fee introduction creates too high risks for charterers. Last Friday, the government published a list of companies that received a quota for exporting wheat, corn and barley.
On the 5th week, freight rates in the Azov Sea region continued to rise. Shipowners’ offers for spot positions have reached the level of USD 42 pmt for the shipment of 3000 mts wheat cargo from Azov to Marmara sea ports.
There are not a lot of spot positions on the market and the charterers are afraid to fix vessels with layсan close to February, 15. They are concerned about the possibility of not completing loading at time before the export quota enters into force.
On the 4th week freight rates in the Azov-Black Sea region are keeping the high levels, amounting to $ 40 per ton for a shipment of 3,000 tons of wheat from the Azov Sea to the ports of the Marmara Sea. The retention of high prices is due to the extremely small number of spot vessels on the market and the desire of charterers to to ship as much fee-free wheat as possible before February 15.
On the 3rd week freight rates in the Azov-Black Sea region continue to grow rapidly. Thus, for the shipment of 3,000 tons of wheat from the ports of Azov Sea to the ports of the Marmara Sea shipowners ask for $ 35 per ton. At the same time, every day there is more cargo and fewer spot vessels on the market, which will almost inevitably lead to a further increase in freight. Evidently, such an impact on the market is caused by the approaching deadlines for the introduction of the export fee on wheat.
On the 53th week in the Azov sea region the freight rate for 3k wheat shipment from Azov to Marmara sea ports has established on the USD 25 level.
Against the backdrop of a significant gap between producer prices and buyers’ offers, as well as Christmas holiday is coming up, the number of new contracts has decreased significantly. Thus, freight rates are expected to decrease in the beginning of 2021.
On the 52nd week freight rates in the Azov sea region continue their growth, reaching a level of USD 25 for 3000 mts wheat shipment from Azov to Marmara sea ports.
On the 51th week in the Azov sea region the freight rate for the 3000 mts shipment of wheat from Azov to Marmara sea ports is equal to USD 24 per metric ton. This week, the weather started to improve and the water level at ADMC, water level has risen, what has allowed to start movement of vessels to the Azov and Rostov ports. Although a lot of vessels are still waiting for the passage to the above-mentioned ports.
