13/04/2022

On the 15th week, the Azov-Black Sea region maintains a high level of freight rates. So, the rate for a shipment of 3,000 tons of wheat from Azov to the Marmara Sea ports is $ 83 per ton. Despite high export fees and some reduction in demand, freight rates are not decreasing, contrary to the expectations of many market participants. The main destination of shipments is Turkey, there are quite few requests for other destinations at the moment, although we can´t note complete absence of shipments to Italy, Greece or Egypt. The freight market is also actively growing in the Black Sea region, which affects the amount of tonnage in the Azov Sea. According to the forecasts of market participants, freight should still drop slightly in the coming week to allow charterers to successfully conclude trade contracts.