Azov sea-river market in skyrocketing mode

摘要

The uptrend that emerged in the Azov Sea in 1H Sep has gained pace in recent days, with rates reaching sky-high levels. Market players report an acute shortage of open vessels for 1H Oct dates, with plenty of wheat offers around. At the moment: Most traders offer mid-high $60s/t for transportation of 3,000 t of wheat from Azov/Rostov to the Marmara Sea, while owners are seeking to get around $70/t (equivalent to $6.9-7.1k daily vs. $7.3-7.5k daily bss RV for vessels with no AWRP required and 1k less with AWRP on owner's acct);