09/02/2022

On the 6th week, freight rates continue to fall in the Azov-Black Sea region. Thus, the rate for a shipment of 3,000 tons of wheat from Azov to the Marmara Sea ports is $ 34 per ton. The wheat and corn market is still in a deplorable state, there are practically no deals from Russian ports. Ukrainian wheat is trading somewhat better, so some shipowners prefer cargoes from the ports of the Black Sea. That does not allow the collapse of the freight market in the Azov sea to happen. The most active trade now is observed for subcultures, and the most popular destination is Italy, as a result of which rates to the Adriatic ports do not fall as quickly as to other destinations. It is important to note that this week was published the distribution of quotas for the shipment of wheat, corn and barley from February, 15 to the end of June, 2022. Now charterers can start planning their shipments of the above-mentioned grain products for the upcoming months.