On the 28th week, the trend up for freight rates continues in the Azov-Black Sea region. Thus, the rate for a shipment of 3,000 tons of wheat from Azov to Marmara sea ports reaches the level of USD 33 per ton this week. Despite the lack of a new crop due to severe weather conditions in the Russian southern regions, spot shipments are quite active, especially for wheat and peas cargoes.
On the 27th week, freight rates in the Azov-Black Sea region began to rise. The rate for a shipment of 3,000 tons of wheat from Azov to Marmara Sea ports reaches the level of USD 32 pmt. At the same time, it should be noted that there is a large gap in the rate between the expectations of shipowners and the level of freight that charterers are willing to pay.
On the 26th week, the freight rates in the Azov region showed a slight decrease. On the direction of Azov-Marmara sea ports, the shipment of 3,000 mts of wheat fell to the level of USD 30-31 pmt. Freight rates for long distance voyages remains at the same level, as most shipowners prefer cargoes for close destinations.
By the 25th week, the freight rate remains at the same. Shipment of 3,000 mts of wheat from Azov to Marmara sea ports is at USD 32 pmt level.
This rate is mainly for fleet spot positions. Shipowners, whose vessels are opened on later dates, prefer to wait and look for cargo at higher rates.
On the 24th week, freight rates in the Azov region continue to hold a record level for June. Transportation of 3000 mts of wheat from Azov to Marmara Sea ports remains on the level of USD 32 pmt. The demand for spot tonnage in the market is not decreasing, which allows to maintain a high level of freight rate.
On the 23rd week, for the first time since the long and rapid increase in freight rates, in the Azov sea region the rates have remained at the previous week level. The price for transportation of 3,000 mtons of wheat from Azov to Marmara sea ports remains at USD 31-32 pmt level.
On the 22nd week, freight rates in the Azov region continue to grow rapidly. The rate for the shipment of 3,000 mts of wheat from Azov to Marmara sea ports reaches the level of USD 32 pmt.
At the same time, many shipowners, considering the high demand for tonnage, ask for higher rates for their vessels, up to USD 35 per metric ton.
On the 21st week freight rates continue to rise in Azov sea region. The freight level for Azov – Marmra sea ports has already reached the level of USD 27-28 pmt for 3000 mts wheat shipment. Most charterers try to ship their cargo before the end of May, which, together with the shortage of spot tonnage, leads to a rapid increase in freight rates.
On the 20th week the freight rates in the Azov-Black Sea region continue to grow. Thus, the rate for the shipment of 3,000 mts of wheat from Azov to Marmara Sea ports is USD 22 pmt. Many charterers prefer having shipped their cargoes before the beginning of June, when the floating export tax will be […]
On the 19th week there is a slight increase in freight rates in the Azov Sea region. Thus, the rate for the shipment of 3,000 mts of wheat from Azov to Marmara Sea ports rose to USD 20 pmt. The increase in freight rates in all directions is due to the shortage of vessels in the Azov Sea. Many shipowners still prefer to take cargoes from the Ukrainian Black Sea ports, where charterers offer higher rates, or to operate in the Marmara and Mediterranean Seas.