Freight rates in the “grain corridor” have stabilized

Freight rates for the transportation of grain through the temporary corridor reached last year’s figures.

The cost of transporting grain through the temporary corridor reached the level of September last year, when the “grain corridor” was operating under the auspices of the United Nations. BPG Shipping Director Gennadiy Ivanov told Latifundist about it.

In the very first week, when ships began to enter Ukrainian ports, all possible risks were included in the cost of freight. In the second week, the rates decreased, now they have stabilized and are at the level of September last year.

“In general, the freight market has grown, you cannot compare the current freight market with what it was in May. The BDI index has increased and the Black Sea is now more active due to the fact that the grain season has started,” the expert claims.

Currently, 12 more cargo ships are ready to pass through the newly created shipping corridor to Ukrainian ports.

Earlier, the head of the Ukrainian Foreign Ministry, Dmytro Kuleba, stated that the EU and Ukraine should guarantee the safety of the new “grain corridor”.