The Azov and Black Sea region freight market has continued its declining trend during week 19 of 2026, following the downward trajectory that began in previous weeks. Significant price decreases have been observed particularly in the bulk shipping and grain transportation segments.
Buyer's market dominance has persisted in freight negotiations between ship owners and cargo owners operating in the region. Although wheat exports from Krasnodar region ports reaching 25 countries has supported regional trade volumes, the declining trend in freight rates could not be prevented.
Following the significant decline that began in week 17, week 19 followed a similar trajectory. Market analysts attribute this situation to seasonal factors and increased vessel capacity. Similar trends have been observed in shipments from Novorossiysk and other major ports.
The sharp upward trend experienced in weeks 5 and 7 has reversed direction. Freight rates, which maintained moderate levels at the beginning of the year, peaked in February before declining from late April onwards.
Similar trends have been observed on Caspian Sea routes, though the rate of decline in this region has remained more limited compared to the Azov and Black Sea region. Market participants expect freight rates to stabilize in the coming weeks.
Key Takeaways:
1. Freight rates in the Azov and Black Sea region continued their declining trend during week 19.
2. Significant price decreases were recorded in bulk and grain transportation segments.
3. Freight rates declined despite wheat exports from Krasnodar ports reaching 25 countries.
4. The marked declining trend that began in week 17 continues.
5. The decline on Caspian Sea routes remained more limited compared to the Black Sea region.
