25/02/2022

On the 8th week, the drop in freight rates stopped in the Azov-Black Sea region. So, the rate for a shipmet of 3,000 tons of wheat from Azov to the Marmara Sea ports is still kept at the level of $ 33 per ton. It is worth noting that at the beginning of the week, there was a shortage of spot and prompt tonnage, which stopped the market falling.

Since today, due to the tense geopolitical and military situation in the region, it has been announced that the movement of vesels in the Azov Sea and the ADMK channel will be closed for an indefinite period. It is still difficult to say how the current situation will affect the Russian and Ukrainian markets in the near future.