+380 67 625 91 65In the Black Sea, a difficult situation for shipowners remains, due to limited cargo supply and low activity in key segments of transportation. Supply of grain cargoes from Ukrainian and European ports remains at a low level, which puts pressure on the market. A slight increase in shipments to Turkey and Greece did not change the overall negative tone. Shipments of non-grain cargoes, including metal products and fertilizers, also show weak activity. Despite some reduction in the number of vessels in the region, excess tonnage still remains. Low export prices for grain and lower demand for other cargoes indicate a continued difficult situation, and no improvement is expected in the coming weeks.
In the Mediterranean Sea, cargo flow is weak with an increase in the number of available vessels. The main routes are related to the transportation of grains, minerals and steel products, but deteriorating weather conditions and reduced activity on key routes make maintaining rates challenging. Charterer pressure is intensifying, and export volumes remain low. The outlook remains negative, reflecting continued difficulties for shipowners.
In the Sea of Azov, the market is under sustained pressure, despite the reduction in available tonnage and deteriorating weather conditions. The main problem remains the lack of offers for wheat, which together with peas and coal accounts for the major share of shipments. Major destinations include the ports of Marmara, Batumi and Alexandria. The ice campaign, which is about to start, is not helping the situation, as weak Russian wheat exports to Turkey are not supporting bids.
