Moderate increase in freight rates observed from Danube ports

Freight rates from the ports of Great Odesa remain stable, while those on the Danube are increasing.

This is reported by analysts at Spike Brokers.

The market for sea transportation from the ports of Great Odesa remains stable. Freight rates for handy-size vessels are $16–17/t to Italy and $17–19/t to Spain.

“The main limiting factor for the growth of rates remains the imbalance between the excess of available fleet and limited demand for transportation,” analysts note.

From the ports of the Danube, a moderate increase in rates is observed – on average by $2/t. The cost of delivery from Izmail to Italy has increased to $29–30/t.

Market rates for transportation from river ports:

• Izmail – Romania (1-3 thousand tons) – €8-9

• Izmail – east. coast of Italy (5-7 thousand tons) — $29-30

Market rates for transportation from seaports:

• Chornomorsk – east coast of Italy (30-35 thousand tons) — $16-17

• Chornomorsk – east coast of Spain (25-30 thousand tons) — $17-19.

As previously reported by USM, in March Ukraine exported 5.4 million tons of agricultural products. The key export items in March were corn and sunflower oil.