The beginning of 2020 was marked by a low level of freight rates both in the Azov-Black Sea and Caspian regions

By the third week, the price of transportation of 3,000 metric tons of wheat from Azov to the ports of Marmara sea has reached USD 20 per metric ton. The main reason for this low level is the small amount of grain cargo from the ports of ​​Azov Sea and, as a result, the large number of spot vessels, what allows charterers to set their prices.

Similar situation is observed in Caspian region. The freight rate for shipping of 3,000 metric tons of corn from Astrakhan to the Iranian northern ports remains at USD 36 per metric ton. There are a lot of spot vessels in Caspian Sea and lack of cargoes, what is not typical for this region.

One of the main problems of this region at the beginning of the year, besides lack of cargoes, is a large queue in the ports of Makhachkala and Aktau. Vessels queue is scheduled till February, what makes it difficult to organise berthing and discharging on time.

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