Market news

On the 23th week the freight market and its participants are waiting for new grain season beginning so the current market activity is still very low. On the Azov sea market there are small number of grain shipments, in particular bran, which, due to the large number of spot tonnage can be fixed at fairly low freight rates. The price for shipment of 3000 mts cargo from Azov to Marmara sea ports has dropped to USD 13-14 PMT.

On the 22th week a relatively low activity remains in the Azov sea region. The level of freight rates for a shipment of 3000 mts of wheat from Azov to Marmara sea ports remain on the USD 14-15 PMT level. A large number of spot vessels positions maintains low freight rates. On this week some […]

On the 21th week in the Azov sea region the low level of freight rates is kept. The number of spot vessels is only increasing, but there is still lack of shipments from ports of Azov sea. In the next two weeks, their further decrease is possible, as long holidays begin in Turkey. The freight […]

On the 20th week unfortunately we don´t observe any amelioration on the freight market. The absence of cargoes in the majority of the regions makes the owners to reduce freight rates hoping that low prices would help them to obtain cargoes for shipments.

On the 19th week the depleting of grain export quota has let to the collapse of freight market in Azov sea region. Frate rates have reached the level of USD 15-16 for 3000 mts wheat shipment from Azov to Marmara sea ports. Despite the numerous appeals of grain traders to the Ministry of Agriculture complaining […]

The 18th week began with bad news for most grain traders. During the period from April 24 to April 26, the remaining part of the quota (2.7 million tons) for grain export was completely depleted.

On the 17th week there is a decrease of freight market in the Azov sea region. The freight rate for shipment of 3000 mts of wheat from Azov to Marmara sea ports has reached the level of USD 20-21 PMT.

On the 16th week the freight market of Azov sea region keeps the previous week level and the freight rate for shipment of 3000 mts of wheat from Azov to Marmara sea ports remains on the USD 22 PMT level.

The freight market of Azov-Black Sea region continues to show positive tendency on the 15th week of 2020. An additional factor in freight rates increasing on this week was the worsening of weather conditions in the Black Sea.

At 14th week, freight rates continue to rise in the Azov-Black Sea region. The freight level for shipment of 3000 mts of wheat from Azov to Marmara sea ports has reached the level of USD 21 PMT.