On the 31st week, the freight rates in the Azov-Black Sea region again recorded an increase after a slight drop observed last week. Thus, shipments of 3000 mts of wheat from Azov to Marmara are concluded at the level of $ 38.
At the same time, it should be noted that the freight market in the region is now extremely unstable. While for many charterers contracts could be successfully concluded only with the maximum freight level of $ 35, most shipowners focus on the lower 40s.
Despite the fact that the export fee on the export of wheat, corn and barley remained at the level of last week, it is difficult for charterers to conclude deals with Turkish partners. It was expected that after the announcement of the results of the TMO on August 4, the situation with the conclusion of contacts will improve, but so far this trend is not observed. Shipments from the river also do not work out, and charterers are forced to work on fob basis.
In addition to Turkey, shipments to Italy are quite actively calculated, but here, too, most charterers have problems with the logistics component, since freight rates to the Eastern coast of the Adriatic are approaching $ 60 per ton.