30/09/2020 Market news

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.

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