On the 43th week in the Azov sea region freight rates have significantly increased compared to the last few weeks levels. So, the rate for the transportation of one metric ton of wheat from Azov to the Marmara sea ports is already equal to USD 23 and the expectations of shipowners are only growing.
On the 42th week the freight rates are still holding at the level of USD 19-20 for the 3k wheat shipment from Azov to Marmara sea ports. However, it is worth noting that on the market is seen an increase in the amount of cargoes, what is likely to lead to an increase in freight rates by next week.
On the 41st week in the Azov sea region the decline in freight rates continues. The rather high activity of the market, which was observed in August-September, it’s tailing off. On this week charterers are already offering USD 18-19 for the 3k wheat shipment from Azov to Marmara sea ports.
On the 40th week in Azov- Black sea region freight rates are decreasing. For example, the freight rate for 3000 mt of wheat from Azov sea port to Marmara went down to 20 USD per metric ton. This decrease is explained by reduction of the cargo quantity on the market, which was led by Turkish and European buyers, who are unprepared to offer profitable prices for traders and export companies.
On the 39th week in the Azov region the freight rates remain on the previous week level. So, the shipment of 3000 mts of wheat from Azov to Marmara sea port will cost abt USD 22. The cessation of growth in freight rates and a decrease in the number of shipments can be explained by the low activity of Turkish buyers in the last two weeks.
On the 38th week we can note a slight decrease in trade and freight rates in Azov Sea region. For instance, freight rate for 3000 MT of wheat from Azov to Marmara is around USD 22 pmt. Moreover, most of the owners prefer to take short voyages in order to not sail far away from Azov sea ports and have an opportunity to perform more shipments.
On the 37th week in the Azov sea region the freight rates remain on the same level of USD 22-23 PMT for the shipment of wheat cargo from Azov to Marmara sea ports. Most shipowners prefer to work short voyages to not miss good freight if trend towards an improvement on the freight market in the Azov sea will continue.
At 36th week, the situation on the freight market continues to improve.
In the Azov region, freight rates continue their rapid growth. Shipowners are considering cargo already from the level of USD 22 PMT for a 3000 wheat shipment from Azov to Marmara sea port.
On the 35th week in the Azov region the growth of freight rates continues. The increase in the number of cargo offers has led to a significant decrease in spot positions, charterers are already looking for fleet for September dates.
On the 34th week we can track a slight increase in freight rates in Black and Azov sea. For example, the freight rate for 3000 mt of wheat from Azov to Marmara is around 18,5-19 USD per metric ton. The rise in freight rates is connected with appearance of a few cargoes on the market.