Rates in Azov continue to be at year lows, the main reason for this is the reluctance of sellers to sell the remaining goods at offer prices. Market participants argue that the sellers are guided by world grain prices, while buyers are taking into account the current situation in the Azov-black sea region and in anticipation of the new harvest underestimate the cost. In the end, the transaction is small, and it does not allow rates to rise. The level of freight is not reduced, since the amount of spot tonnage was greatly influenced by the holidays in Turkey, where the unloading is delayed for a substantial part of the fleet.
Turkey introduce prohibitive import duty on seed from the 20th of June, which caused a surge of activity from Exporters of this product. High stowage factor makes the shipment of this type of product is unaffected by the passing precipitation in the channel, thereby attracting owners cubature courts.
Many Traders agree that in the Caspian sea market monopolisitc, and small companies naturally are forced out. This is due to the lack of long credit to their customers, and because of problems in settlements with Iranian counterparties, the question of deferred payment is crucial. When you save the current scenario in the region we will soon see a more stable Caspian market where a small number of players will dictate the pricing.
Low grain season directly affects and Charterers of General cargo. Falling rates on return flights with equipment of the Adriatic. Despite the sluggish market, shippers who intend to send their equipment to the Caspian sea as part cargo, may experience difficulties. Given the weak traffic, options for combinations on the market are not many. Therefore, the Charterers have to either wait or, if priority of date of delivery, to pay for a separate flight.