12/08/2020 Market news

On the 33th week the freight rates in the Azov sea region remain on the previous week level. The shipment of 3000 mts of wheat from Azov to Marmara sea ports is still on the level of USD 18. There is seen an increase in the amount of grain shipments fro Azov sea ports to Turkish and European ports, however, this cargo flow is still much more less than it has to be in August

06/08/2020 Market news

On the 32nd week it is noticeable that freight rates are decreasing in Azov-Black sea region. For example, freight rate for 3000 MT of wheat from Azov to Marmara dropped down to 18 USD per metric ton. Such market behavior is caused by overoptimistic expectations of the charterers and owners, who were hoping for trade increase with Turkey and Arabic countries after the end of the holidays

01/07/2020 Market news

On the 27th week the grain export restrictions were lifted what has to lead to improvements on freight markets in all regions and raising of freight rates. Owners offer higher rates waiting for expecting a sharp increase in demand for spot vessels. However, most participants of grain market are confident that there will be no significant changes on the market till mid July.