On the 6th week there are no significant changes on the freight market

On the 6th week there are no significant changes on the freight market. In the Azov sea region there is still low trading activity and lack of grain cargoes.

The freight rates for carrying 3000 mts of wheat from Azov to Marmara sea ports remains on USD 18. However, almost complete absence of grain cargo offers and a large number of spot vessels forces shipowners to fix at even lower rates.

The high price of grain cargo on the local market doesn’t allow traders to make profitable deals on export.

In the Caspian region there is a slight decline in trading activity due to the expectation of the new supply of grain cargoes from central regions of Russia.

There is still big congestion at north Iranian ports and awaiting for berth reaches 2-3 days. Freight rate for shipment of 3000 mts corn from Astrakhan to NIP is still on the USD 29.

download report