20/10/2021 Market news

On the 42nd week freight rates continue to go up in the Azov-Black Sea region. Thus, a shipment of 3,000 tons of wheat from the port of Azov to the Marmara Sea ports will cost USD 44 pmt. The increase in rates is primarily due to the lack of spot vessels. Most charterers are searching for vessels opening this week to ship wheat and corn before the introduction of a new export fee.

06/10/2021 Market news

On the 40th week the level of freight rates in the Azov-Black Sea region remains almost unchanged. The price for a 3000 mts wheat shipment from Azov to Marmara sea ports is ard USD 39-40 pmt. There is a slight improvement in the number of planned shipments on the market, but the weather has made its adjustments. Bad weather in the Black Sea led to the closure of the Kerch Strait for several days.

25/08/2021 Market news

On the 34th week, the freight rates in the Azov-Black Sea region continue to grow rapidly. Thus, the rate for a shipment of 3000 wheat from Azov to Marmara sea ports is USD 48 pmt. Such an increase was recorded at the end of last week, when there was a very large amount of cargoes on the market, and shipowners were in no hurry to work vessels for September dates, thereby heating up the freight market.