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.
On the 39th week in the Azov region the freight rates remain on the previous week level. So, the shipment of 3000 mts of wheat from Azov to Marmara sea port will cost abt USD 22. The cessation of growth in freight rates and a decrease in the number of shipments can be explained by the low activity of Turkish buyers in the last two weeks.
On the 38th week we can note a slight decrease in trade and freight rates in Azov Sea region. For instance, freight rate for 3000 MT of wheat from Azov to Marmara is around USD 22 pmt. Moreover, most of the owners prefer to take short voyages in order to not sail far away from Azov sea ports and have an opportunity to perform more shipments.
On the 37th week in the Azov sea region the freight rates remain on the same level of USD 22-23 PMT for the shipment of wheat cargo from Azov to Marmara sea ports. Most shipowners prefer to work short voyages to not miss good freight if trend towards an improvement on the freight market in the Azov sea will continue.
At 36th week, the situation on the freight market continues to improve.
In the Azov region, freight rates continue their rapid growth. Shipowners are considering cargo already from the level of USD 22 PMT for a 3000 wheat shipment from Azov to Marmara sea port.
On the 35th week in the Azov region the growth of freight rates continues. The increase in the number of cargo offers has led to a significant decrease in spot positions, charterers are already looking for fleet for September dates.
On the 34th week we can track a slight increase in freight rates in Black and Azov sea. For example, the freight rate for 3000 mt of wheat from Azov to Marmara is around 18,5-19 USD per metric ton. The rise in freight rates is connected with appearance of a few cargoes on the market.
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
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
On the 31st week of the year, we can track that freight rates are slightly growing in Azov-Black sea region. Thus, freight rate for 3000 MT of wheat from the port of Azov to Marmara has grown up to 19 USD per metric ton.