Coal traffic remains a key driver of Azov sea-river market
After a slight decrease, coal transportation volumes to Turkey and Bulgaria have stabilized and reportedly stay the key driver of the Azov sea-river market. Sales of new crop grains are still very inactive. Owners have managed to stabilize rates after a slight pullback at the very end of June. At the moment:
Several 3,000 t coal stems are carried from Rostov to Bulgaria at $52-55/t (equivalent to $7.3-7.9k daily bss RV for vessels with no AWRP required or $5-5.7k daily bss RV for vessels with AWRP) ;
Charterers are ready to pay around $40/t for transportation of 5,000 t of coal from Yeisk to TBS;
Moreover, the deal for transportation of 3,000 t of coal from Taganrog to TBS has been fixed at very strong $45/t given 2500c/1500c l/d rates, which is equivalent to incredible 12k daily bss RV for vessels with no AWRP required and incredible $8-8.5k daily bss RV for vessels with AWRP on owner's acct);
Shipment of 5,000 t of coal from Rostov to Iskenderun is discussed at quite strong $64-65/t with l/d rates of 2,000x/2,500x (equivalent to $7.5-8k daily bss RV for vessels with no AWRP required);
Meanwhile, grain traders offer lower rates. Thus, charterers are ready to pay at best $41-42/t for spot transportation of 3,000 t of wheat from Azov/Rostov to the Marmara Sea, while owners want to get at least mid-$40s/t;
The deal for shipment of 3,000 t of wheat from Rostov to TBS has been signed slightly below $40/t, while some traders even offer mere $35-36/t on the same route.
Note that 2H July grain shipments from Rostov/Azov to the Marmara Sea are quoted by owners at least at $50/t, but there are so far almost no charterers ready to accept these levels.