06/04/2022

On the 14th week, there was a very sharp rise in freight rates in the Azov-Black Sea region. So, the rate for a shipment of 3,000 tons of wheat from Azov to Marmara Sea ports is already $ 80 per ton. It should be noted that a strong increase in rates began at the end of last week. It is primarily due to the shortage of spot tonnage and high activity in the grain market. In addition, it is worth noting that some insurance companies have begun to increase fees for military risks, which has affected the freight. In the Black Sea, the freight market also records a significant increase, although, of course, the rates are much lower than in the Azov Sea. Active shipments of Ukrainian wheat are underway from the ports of Romania and Bulgaria. Most market players are inclined to believe that in the coming weeks it is unlikely to expect a sharp drop in freight prices and there is a chance of maintaining the trend of freight growth due to the unstable situation in the region.