Panamaxes are becoming more expensive due to activity in the ports of Great Odesa
19.09.2025 - 12:15
The growth of new orders for grain shipments from deep-sea ports has raised rates for the large-tonnage fleet.
The Black Sea shipping market is showing mixed trends, ASAP Agri analyst and Atria Brokers broker Pavlo Lysenko reports.
This week, rates for Panamaxes for grain transportation from Ukraine increased by 1-2 USD/t, while in the handy-size segment, quotes mostly remained at the level of last week.
The freight for Panamaxes for corn transportation from Ukrainian deep-sea ports to South China is estimated at 47-48 USD/t (+2 USD/t per week). In the handy-size segment, rates for 30 thousand tons of corn to Eastern Italy are maintained at 23-24 USD/t.
Meanwhile, the owners of “handy sizes” continue to plan high freight rates for loading in late September / early October. However, due to the wide spread between requests and offers, the activity of transactions has slowed down: charterers are not ready to accept inflated demands.
The situation is somewhat different on the “fire” market. More new cargoes have appeared here, which allowed the owners to raise rates for the transportation of 6 thousand tons of corn from the Danube ports of Ukraine to Italy by 1 USD/t – to 33–34 USD/t.
Also, as USM wrote, Ukrainian corn may rise in price to $230/t in October.
