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Freight Report Week 24

Region: Russian River, Azov / Black Sea, Caspian 
Trade: Coaster shipments 
The freight rates in Azov region stayed at the level of week 24. Thus, the average rates basis voyage of the Rostov-Marmara amount USD 19 pmt. 
The voyages to such destination as Lebanon, Syria and Israel are still the most in demand for Ship Owners in Azov. However, this situation will have a little period as with the beginning of a high grain season Ship Owners will have an opportunity to work extensively on the short-distance hauls which are more commercially efficient. In the hope of market growth in the near future, a significant part of 
Ship Owners don’t fix the vessels on long dates, but wait for more favorable conditions on the market. This decision can be followed by some risks. If the expected growth in the cargo supply is not failed, the freight rates may go down due to the accumulation of a large amount of spot tonnage in the Azov basin. 
The business activity of the Turkish Importers is still low. This is connected with not only the national currency fluctuations, but also the decline in demand for Turkish flour on the international trade. Now Turkish millers don’t consider purchasing the volumes of wheat. A new grain season started with the barley harvest in Stavropol area. According to information of local farmers, in the first place, shiploads with the grain will begin to form in Novorossiysk and dispatch to Saudi Arabia, Egypt and Libya via the Handy-size vessels. 
In the Caspian region, unlike Azov, the freight market dropped not so much during the off-season period. The freight basis of the Astrakhan - Iran kept the level of last week and amounted USD 31 pmt. Though, comparing two voyages from the Volga: to Iran and to Turkey, the majority of Ship Owners will favour the hauls to Turkey, but not to Iran owing to Caspian market is commonly considered as more risky then Azov. As a result, the Shippers from the Volga ports to Iran are afflicted by the tonnage shortage, while the Owners of the same fleet cannot find parcels to the Black Sea.