Region: Volga-don basin, the Azov sea, Black sea, Caspian sea
Tonnage: Bonfire

Freight market of Azov fires in the region at the 24th week was characterized by the new trend which can be called cautiously positive. According to information from traders, in the beginning of July is expected to increase demand for the Navy to fulfill previously signed contracts on which work has stalled after the introduction of restrictions on the export of wheat. Given this, the ship Owners tried to keep their boats on the short arm (up to a maximum of Marmara). This is reasonable, although a forced tactic in the absence of cargo, the majority of Shipowners would be followed. Some shippers, taking advantage of low interest rates, try to take the ships since July on multiple flights or in the time Charter, however, the Shipowners are in no hurry to be in advance.

However, freight rates from the Azov ports to the end of June/beginning of July have not yet formed. The majority of the fleet in the Black and Azov seas is still open in the spot. On the market there are only niche goods which do not fall under the quota. At the end of June, ready to work, not all ship-Owners, and those who agree, give rates with a significant difference. So, on the basis of the Yeisk – Samsun per ton of cargo requested from $11 to $18, versus the current market at $9-10. On this basis, it can be argued that the usual grain program from the Azov ports, no one is not formed yet, with the exception of major Charterers. Last, given the volatility of the market, will try first and foremost to work on their ships, and spot/prompt position to take from the market, just to avoid losses. To define a more precise configuration of the market is perhaps closer to the July date.

Judging by the indicators in the commodities market, sales of grain on the exchange was suspended, and later in July and August it will be traded in the spot/prompt.

In the Caspian region for the second consecutive week freight market stays at the same level. According to Exporters, the purchase price of grain is very high and to operate at a loss no one wants. The main factor affecting the purchase price is the dollar, which shows sharp fluctuations. This has a negative impact on the freight market.