37th week also doesn’t show any improvements. Freight rates stay at the same level as on the 36th week.
However, trade at Azov region start to improve, cargoes to Turkey and Georgia appeared on the market. Due to bad weather at Black Sea, vessels don’t have opportunity to pass Kerch strait. It caused increasing demand on spot vessels and insignificant grow of freight rates comparing to end of last week. This situation aligned the situation and returned the previous level of freight rates to $18 per ton of wheat on Azov-Marmara direction.
In Caspian region freight rates continue to decrease due to low trader activity. Freight rate on 37th week for 3k corn from Astrakhan to Iranian ports is $24 per ton.