On the 4th week, freight rates in the Azov-Black Sea region in the 4th week decreased slightly on short voyages, on average dropping to the level of $ 73 for the a shipment of 3,000 tons of wheat from Azov to Marmara Sea ports. At the same time, the rates for long-distance destinations such as Mersin, Egypt, Lebanon or Israel continue to grow. This divergence of trends is due to the predominance of cargo to long-distance destinations and at the same time to the desire of the vast majority of shipowners to work short voayges.
It is important to say that on February 8th, the distribution of quotas for the export of wheat, corn and barley will be published. Thus, many charterers are not yet ready to work laycans for mid-February, waiting for the information on quotas, which may also cause some reduction in freight rates.
At the same time, since January 25th, export fees have been significantly reduced, to 4283.2 rubles for wheat, 2083.7 rubles for barley and 886.5 rubles per ton for corn.