Market news

On the 46th week Azov sea region has shown the level of previous week and the freight rate for 3000 Mts of wheat from port Azov to Marmara sea has remain on USD 21 PMT.

This week, Azov-Black sea region as well as on the previous week doesn’t show much activity, freight rates continue to decrease. There is a rather large amount of spot tonnage on the market.

On 44th week, after several weeks of active growth, there was a decline in freight rates by $1. Freight rate from Azov to Marmara sea is $22. Market activity decreased a little bit.

In the Azov-Black Sea region on 43rd week, freight rates stay at the same level as on the previous week. The price of transportation from Azov Sea to Marmara for a ton of wheat reached 23 dollars.

The 42th week in Azov region continues to show the positive dynamics in freight rates increase. A great amount of cargoes from Azov sea ports have led to rates’ growth.

On the 41th week, the freight rate reached level of usd 22 per ton of wheat. River is working very actively, because navigation ends soon and owners try to make as many voyages as it is possible before this time.

Steady growth in freight rate levels during last few weeks is keeping due to lack of spot tonnage, what leads owners to ask higher price for their shipping service.

Grain cargoes appearing on the market have led to increased demand in spot tonnage, what has positively affected the freight market and has shown a growth in freight rates by USD 1.

37th week also doesn’t show any improvements. Freight rates stay at the same level as on the 36th week.