Current trend is driven by cargo orders of wheat and corn to Adriatic Sea.
Grain traders are also concerned about new fee calculation effected from 2 June onwards. While it may be fallback of corn and barley trade, wheat trading might gain strength.
Freight rates for short sea trade of 3000/5000 mt of bulk agricommodities with 1000/1000 rates looks as follows.
Basis POL Rostov/Azov:
- TBS — 20 USD/mt FIOST
- Marmara — 22 USD/mt FIOST
- EC Greece — 26 USD/mt FIOST
- EC Italy — 41 USD/mt FIOST
- Mersin — 37 USD/mt FIOST
Freight rates for coal of 5000 mt with 2000/2000 rates looks as follows.
Basis Rostov/Azov:
- TBS — 20 USD/mt FIOST
- Egypt — 30 USD/mt FIOST
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Caspian Sea outlook
Caspian Freight market keeps experience lack of tonnage. However, due to hard economic situation in Iran, traders are not ready to further increase in rates.
However, some fixtures has been seen at relatively high freight rate.
Current rates from Astrakhan for 3000 mt of corn/barley:
- 29 USD/mt FIOST
Current offers and fixtures from river towards NIP are seen as follows:
- Tatyanka / NIP — 36 USD/mt FIOST
- Volgograd / NIP — 37 USD/mt FIOST
- Kamyshin / NIP — 38 USD/mt FIOST
- Saratov / NIP — 40 USD/mt FIOST
- Samara / NIP — 47 USD/mt FIOST
Rates from Caspian Sea ports look as follows:
- Aktau / NIP — 22 USD/mt FIOST
- Makhachkala / NIP — cargo: Corn — 18 USD/mt FIOST
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Inland River:
Limited tonnage supply does not affect market significantly.
Current rates for common routes:
DWCC 2000 mt
- Samara — Rostov/Azov 1150 rub VAT inc.
- Samara — Astrakhan 900 rub VAT inc.
- Samara — Kavkaz 30 USD + 20 pct VAT.
DWCC 4000−5000 mt
- Samara — Rostov/Azov 1700 rub VAT inc.
- Samara — Astrakhan 1450 rub VAT inc.
- Samara — Kavkaz 35 USD + 20 pct VAT.
- Volgodonsk — Kavkaz 800 rub VAT inc.
- Rostov — Kavkaz 600 rub VAT inc.