Freight rates remain unchanged at the beginning of July

As of early July, trading activity is limited due to low grain supply.

This is reported by analysts at Spike Brokers. 

“Despite several months of stability in freight rates and low trading activity, market participants expect a revival in the coming weeks due to the intensification of the harvesting campaign, which may contribute to the growth of transportation volumes and support rates,” the analysts noted.

Market rates for transportation from river ports:

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

• Izmail – east coast of Italy (5-7 thousand tons) – $28-30

Market rates for transportation from sea ports:

• 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, the USPA and business are looking for joint solutions for the logistics season in the port of Chornomorsk.