February 2015 seems to bring market decreasing from it's peak values reached in January. Wheat export may be suspended for a month or a bit more due to hight export tax other commodities can not keep market as such high levels. Positive fact is that commodities - mostly steel products which went out of the market after year 2008 crysis are returning back to shallow ports of Azov Sea. We expect increasing of timber, scrap and coal exports backed by weak rouble, so sea-river market shall remain significantly higher in respect of earning pdwt that BLack Sea coaster market for the vessels of common size. Devaluation of rouble give another effect on disbursment accounts and ice dues in owners favour. We feel level of USD 30,- pmt bss Azov/Marmara still enough comfort for shipowners taking into consideration MGO price USD 550,- or near pmt.
