On the 32th week, freight rates in the Azov-Black Sea region remain approximately at the same level as last week. Thus, the deals for shipments of 3000 mts of wheat from Azov to Marmara are concluded at the level of $ 39.
It is worth noting that the market remains quite unpredictable. Sometimes the rates of charterers are very different, and shipowners are guided by higher rates, which makes it difficult for a large number of charterers to conclude sale contracts. High rates on the part of shipowners are due to the lack of spot tonnage, as well as to extremely attractive rates for shipowners for cargo on the Black Sea.
At the same time, in the conditions of a failed harvest in many regions of Russia, producers and farmers considerably raise prices for grains, as a result of which most shippers are unable to conclude sale contracts. As for the main cargoes, charterers most often calculate shipments of wheat and barley. Regarding the main directions of shipments, this week we can note a large geographical diversification of requests.
In addition to Turkey, shipments to Italy, Albania and Greece are being actively calculated, and charterers begin also to consider shipments to Cyprus and Egypt. As for the Russian river, charterers do not expect the market to revive until the beginning of September.