On the 43rd week we observe a slight increase in freight rates in the Azov-Black Sea region. Contracts for the shipment of 3,000 tons of wheat from the port of Azov to Marmara sea ports are concluded at the level of USD 45 pmt. Despite the low activity in wheat shipments, there is a large number of other grain cargoes on the market.
On the 42nd week freight rates continue to go up in the Azov-Black Sea region. Thus, a shipment of 3,000 tons of wheat from the port of Azov to the Marmara Sea ports will cost USD 44 pmt. The increase in rates is primarily due to the lack of spot vessels. Most charterers are searching for vessels opening this week to ship wheat and corn before the introduction of a new export fee.
On the 41st week we record an increase in freight rates in the Azov-Black Sea region. Deals for the shipment of 3,000 tons of wheat from Azov to the Marmara Sea ports are concluded at the level of USD 42-43 pmt.
On the 40th week the level of freight rates in the Azov-Black Sea region remains almost unchanged. The price for a 3000 mts wheat shipment from Azov to Marmara sea ports is ard USD 39-40 pmt. There is a slight improvement in the number of planned shipments on the market, but the weather has made its adjustments. Bad weather in the Black Sea led to the closure of the Kerch Strait for several days.
On the 39th week, the level of freight rates continues to decresase in the Azov-Black Sea region. Thus, the rate for a shipment of 3,000 tons of wheat from Azov to the ports of the Marmara Sea is at the level of $ 40 per ton. This week, the conclusion of contracts for the purchase […]
On the 38th week, there is again a drop in the level of freight rates in the Azov-Black Sea region. Thus, deals for a shipment of 3000 mts of wheat from Azov to Marmara are concluded at the level of $ 43 per ton. Despite the reduction of the taxe on wheat last week, most shippers are unable to conclude contracts for this crop.
On the 37th week, there was recorded an increase in freight rates in the Azov-Black Sea region. Thus, the rate for a shipment of 3000mts of wheat from Azov to Marmara has risen again to the level of 46 dollars. Such an increase in rates was unexpected for many market players, since wheat export fees continue to rise significantly.
On the 36th week, freight rates in the Azov-Black Sea region continue to fall. So, the rate for sending 3000 wheat from Azov to Marmara dropped to the level of $ 43. The drop is due to the expected increase in wheat duties by $ 7.1 – from $ 39.4 to $ 46.5 per ton.
On the 35th week, fright rates in the Azov-Black Sea region show a significant drop. Thus, shipments of 3,000 tons of wheat from Azov to the ports of the Marmara Sea are concluded at the level of $ 45 per ton.
On the 34th week, the freight rates in the Azov-Black Sea region continue to grow rapidly. Thus, the rate for a shipment of 3000 wheat from Azov to Marmara sea ports is USD 48 pmt. Such an increase was recorded at the end of last week, when there was a very large amount of cargoes on the market, and shipowners were in no hurry to work vessels for September dates, thereby heating up the freight market.
