On the 42nd week freight rates continue to go up in the Azov-Black Sea region. Thus, a shipment of 3,000 tons of wheat from the port of Azov to the Marmara Sea ports will cost USD 44 pmt. The increase in rates is primarily due to the lack of spot vessels. Most charterers are searching for vessels opening this week to ship wheat and corn before the introduction of a new export fee.
From October 20th to 27th, the tax on the export of wheat is $61.3 per ton, the fee on corn increased to $48.4 per ton, and only the tax on barley fell slightly – to $45.9 per ton. It is worth noting that on this week long-distance destinations such as Mersin, Italy, Greece, Greek and Turkish Cyprus have become more popular, as a result of which there is an increase in rates for these destinations also. In most cases charterers consider shipments for the beginning and middle of November. It should be noted that in addition to the grains subject to the export fee, shipments of peas, meal and some other cargoes with high stowage are actively calculated for these directions.
In the Caspian region, freight levels also showed a slight increase. The number of shipments from the port of Makhachkala has increased, most ship owners still prefer cargo from Astrakhan. Shipping to the northern ports of Iran this week are about $ 39-40 per ton.
In the Baltic region, freight rates are increasing due to an acute shortage of spot tonnage. Most shipowners now prefer to keep their fleet on the continent. Cargoes to St. Petersburg are not that interesting due to bad weather conditions.