Freights from Russian Azov Sea ports under pressure again

摘要

Following the decline in cargo traffic ex Azov Sea ports late last week, the already low demand for sea-river fleet has stated to weaken in the area. However, the regional tonnage list remains modest due to a noticeable decrease in fleet turnover seen in the last couple of weeks. Such a contradictory market picture also affects freight rates, which may now differ by $3-4/t, depending on laycans and the charterer himself: Traders seldom offer more than $34-35/t for transportation of 3,000 t of wheat from Rostov/Azov to the Marmara Sea (equivalent to $2.8-3k daily bss RV); however, those hurrying to close deals before export quota are ready to pay $36-37/t (equivalent to $3.2-3.4k daily bss RV);