On the 51st week, the sharp decrease of the freight market continues in the Azov-Black Sea region. During the week, rates fell by another $ 7, reaching a level of $ 45 per ton for a shipment of 3,000 tons of wheat from Azov to the Marmara Sea ports. Despite the recovery of the Turkish lira this week, the demand for grain goods on the Turkish market remains very low, as a result of which it is very difficult for charterers to conclude pre-sale contracts. In addition, the expectation of a further increase of export taxes also negatively affects the situation.
It is worth noting that there is also a little number of shipments to long-distance destinations. Thus, the rate for a shipment to the Adriatic cost of Italy dropped by more than $ 10 per ton in a week. At the same time, many charterers do not expect the resumption of active trade before the end of the New Year holidays. In addition, it should be noted that at the moment there is a lot of coal shipments from the Azov sea ports and that the coal cargoes are paid better than grain ones.
In the Baltic region, the cost of shipments remains consistently high. The main cargo regions in Europe remains ARAG and the Continent.
The number of shipowners capable of shipping ships from St. Petersburg.
Many traders reduce the activity of selling on CIF and CFR, prefer to look for ships for February, March and April.