Freight rates on the Danube are falling again
Freight rates in the ports of the Danube cluster are decreasing.
There is a downward trend in prices on the Danube freight market. UGA writes about this with reference to Atria Brokers.
Thus, as of October 13, rates for the transportation of 6,000 tons of corn by barge from the ports of Reni and Izmail to the east coast of Italy decreased by 3 USD/t to 65-68 USD/t.
Freight to the ports of Spain and, in particular, Seville, became cheaper by 2 USD/t — to 71-73 USD/t and 78-80 USD/t, respectively.
The cost of freight to the Eastern Mediterranean is 65 USD/t against 65-67 USD/t last week.
Rates to Marmara (55 USD/t), the east coast of Greece (57-59 USD/t), Crete (61-63 USD/t) and Israel (70 USD/t) remained at the previous level.
Rates for the transportation of corn by handsizes to the eastern Mediterranean decreased by 2 USD/t — to 58 USD/t. Freight rates to the ports of Israel and Italy remained at the previous level — 60-62 USD/t, as well as to the Mediterranean coast of Spain — 65-67 USD/t.
The cost of freight for the transportation of corn by panamax from the ports of Great Odesa to southern China is 72 USD/t, to Spain — 51-54 USD/t.