This week, Azov-Black sea region as well as on the previous week doesn’t show much activity, freight rates continue to decrease. There is a rather large amount of spot tonnage on the market.
However, by the end of the year, it is expected that it will be growth of export of Russian grain because there was a good grain crop this year, perhaps this can improve the situation on the market.
Caspian region, by contrast, continues to show an increase in trading activity. The freight rate from Astrakhan to NIP for 3000 tons of corn reaches the level of use 36. Many charterers prefer to fix to consecutive voyages.