Azov sea-river market climbing up again amid brisker coal shipments
Despite the end of the grain season, the cargo traffic has resumed growing in the Azov Sea, primarily due to an upturn in shipments of Russian coal ahead of the entry into force of sanctions against Russian exports:
At the moment, owners are already seeking to get high $50s/t for transportation of 3-5,000 t of coal from Rostov or Yeisk to Bulgaria, while charterers are ready to pay low $50s/t (some of them even more, though);
Up to 3,000 t of coal are carried from Rostov ab to Bulgaria at $57/t (equivalent to $4.5k daily bss RV for vessels with AWRP required or $5.7k daily without AWRP);
The deal for shipment of 3-5,000 t of coal from Rostov to Iskenderun is discussed at $60/t, while shipment of a 5,000 t stem from Yeisk to TBS is negotiated at high $30s/t (equivalent to $2.6k daily bss RV for 3k dwcc vessels with AWRP required or $3.7k daily without AWRP).
Sales of Russian old-crop grain are virtually dead, although small volumes are still being shipped, supporting demand for fleet. Relevant freight rates are also on the rise:
Deals for transportation of 3,000 t of wheat from Rostov/Azov to the Marmara Sea are already negotiated at mid-$40s/t (equivalent to $2.2-2.4k daily bss RV for vessels with AWRP required or $3.5-3.7k daily without AWRP), while many owners want to get at least $47/t (equivalent to $2.6k daily and $3.9k daily respectively);
Charterers are ready to pay $43-44/t for shipment of 2,800 t of bran (sf 54-55`) from Azov to the Marmara Sea with l/d rates of 1,000 sshex bends and June 26-29 laycans;
Brokers suggest low $60s/t for transportation of 5-5,500 t of wheat from Yeisk to Iskenderun with 1,500 sshex bends l/d rates (equivalent to $4.6k daily bss RV for vessels with AWRP or $6.6k daily without AWRP).
As for other cargoes:
Charterers are ready to pay $70/t for shipment of 3,000 t of fertilizers from Rostov ab to Iskenderun with l/d rates of 5 ttl days (equivalent to $3.6k daily bss RV for vessels with AWRP or $4.8k daily without AWRP);
Carrying 3,000 t of steel products from Rostov to the Marmara Sea is estimated by ISM at low-mid $50s/t.