On the 14th week the drop in freight rates in the Azov-Black Sea region continues. Thus, the rate for the shipment of 3,000 tons of wheat from the Azov Sea to the ports of the Marmara Sea dropped to $ 17 per ton. Many shippers note that there is less and less cargo left in the fields and that prices for it are not falling, despite the sharp decline in demand for Russian wheat on the world market.
On the 13th week, freight rates in the Azov-Black Sea region continue to fall. Thus, contracts for the shipment of 3,000 tons of wheat from the Azov Sea to the ports of the Marmara Sea are concluded at the level of $ 18 per ton. Due to the sharp fall in the lira, the conclusion of new contracts with Turkish buyers has been almost completely suspended, as a result of which a very small number of cargo remains on the market.
On the 12th week, freight rates in the Azov-Black Sea region stopped the rapid decline observed in the last few weeks. Thus, contracts for the shipment of 3,000 tons of wheat from the Azov Sea to the ports of the Marmara Sea are concluded at the level of 18-19 dollars per ton. At the same […]
On the 11th week, freight rates in the Azov-Black Sea region fell sharply. Thus, contracts for the shipment of 3,000 tons of wheat from the Azov Sea to the ports of the Marmara Sea are on average concluded at the level of $ 20 per ton. Most shippers note the desire of suppliers to retain […]
On the 10th week freight rates in the Azov-Black Sea region dropped to the level of $ 25 for a 3,000 tons of wheat from the Azov Sea to the ports of the Marmara Sea. There is every time less cargoes on the market, but it does not mark a sharp drop due to the […]
On the 9th week freight rates in the Azov-Black Sea region continued to decline. Contracts for the shipment of 3,000 tons of wheat from the Azov Sea to the ports of the Marmara Sea are already concluded at the level of $ 26 per ton and below. At the same time, the drop in rates […]
On the 8th week freight rates in the Azov-Black Sea region began to decline. Thus, contracts for the shipment of 3,000 tons of wheat from the Azov Sea to the ports of the Marmara Sea are concluded at the level of $ 30 per ton. The drop of the market is due to the return of a large number of fleet to the Sea of Azov after the improving of weather conditions in the Black and Marmara Seas.
On the 7th week freight rates in the Azov-Black Sea region rose slightly, reaching the level of $ 35 per ton for a shipment of 3,000 tons of wheat from the Azov Sea to the ports of the Marmara Sea. This small increase of the spot market is primarily due to unfavorable weather conditions in the Black and Marmara Seas.
On the 6th week freight rates in the Azov-Black Sea region began to gradually decrease, reaching the level of $ 33 per ton for shipments of 3,000 tons of wheat from the Azov Sea to the ports of the Marmara Sea. There are a lot of vessels in spot positions on the market, because trying to ship wheat before the export fee introduction creates too high risks for charterers. Last Friday, the government published a list of companies that received a quota for exporting wheat, corn and barley.
On the 5th week, freight rates in the Azov Sea region continued to rise. Shipowners’ offers for spot positions have reached the level of USD 42 pmt for the shipment of 3000 mts wheat cargo from Azov to Marmara sea ports.
There are not a lot of spot positions on the market and the charterers are afraid to fix vessels with layсan close to February, 15. They are concerned about the possibility of not completing loading at time before the export quota enters into force.
